AstroNova, Inc. acquired MTEX NS, S.A. for enterprise value of ?24.3 million.
May 09, 2024
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AstroNova, Inc. (NasdaqGM:ALOT) acquired MTEX NS, S.A. for enterprise value of ?24.3 million on May 6, 2024. 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, Inc. (NasdaqGM:ALOT) completed the acquisition of MTEX NS, S.A. on May 6, 2024.
AstroNova, Inc. designs, manufactures, distributes, and services a range of products that acquire, store, analyze, and present data in multiple formats. The Company operates through two segments: Product Identification (PI) and Test & Measurement (T&M). The PI segment provides an array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for original equipment manufacturers (OEMs), commercial printers, and brand owners. The T&M segment provides products designed for airborne printing solutions, avionics, and data acquisition. Its aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Its data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications. The Company also offers advanced digital solutions for textiles, packaging, and labeling.
ASTRONOVA, INC. 
