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Stock impact report

Brady Corporation Plans to Acquire Gravotech Holding [Yahoo! Finance]

Brady Corporation (BRC) 
Last brady corporation earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
to acquire Gravotech Holding (“Gravotech”) for approximately EUR 123 million (approximately USD 133 million). Brady expects to fund the transaction with cash on hand as well as with borrowings on its existing credit agreement, and expects to close the transaction by the end of its fiscal year ending July 31, 2024, subject to prior completion of the information-consultation processes under French law and closing conditions, including regulatory clearances. Gravotech, with sales of EUR 112 million (approximately USD 121 million) in the year ending December 31, 2023, is a leader in specialized marking and engraving solutions intended for a variety of industries and applications. Gravotech was founded in 1938 and is headquartered in Lyon, France. Gravotech is a leader in the design, manufacture and distribution of innovative solutions for specialized engraving, marking and cutting, offering laser, mechanical engraving, scribing and dot peen capabilities. It manufactures machines and con Show less Read more
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