AstroNova Strengthens its Position in the Color Digital Package Printing Market with the Acquisition of MTEX NS
AstroNova, Inc. (ALOT)
Last astronova, inc. earnings: 3/12 07:30 am
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Source: Business Wire
Adds Portugal-based Leader in Label, Packaging, and Direct-to-Film Printing Solutions HighlightsTransaction adds key market adjacencies to Product Identification segmentMTEX NS becomes a wholly owned subsidiary of AstroNovaCompany to host conference call for investors at 3:00 p.m. ET today WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (Nasdaq: ALOT) (“AstroNova” or the “Company”), a global leader in data visualization technologies, today announced that on May 6, 2024, it acquired MTEX NS, S.A. for a total enterprise value of €24.3 million. Additionally, the transaction provides for up to a €4 million earnout payable to the seller over three years based on the achievement of specified revenue growth targets. AstroNova expects the transaction to add an additional $8 million to $10 million in revenue in this fiscal year.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508469869/en/“MTEX NS is a highly innovative man
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