AstroNova Strengthens its Position in the Color Digital Package Printing Market with the Acquisition of MTEX NS [Yahoo! Finance]
AstroNova, Inc. (ALOT)
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Source: Yahoo! Finance
MTEX NS becomes a wholly owned subsidiary of AstroNova Company to host conference call for investors at 3:00 p.m. ET today WEST WARWICK, R.I., May 09, 2024 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. "MTEX NS is a highly innovative manufacturing and technology development company whose multiple lines of industrial grade products significantly expand our Product Identification portfolio. MTEX NS brings multiple complementary market adjacencies while broadening our addressable customer base and geographic r
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- 5/14/24 - Form SD
- 5/9/24 - Form 4
- 5/9/24 - Form 8-K
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