---
schema_version: "secwatch.filing_event.v1"
accession: "0000746598-24-000012"
form_type: "8-K"
ticker: "BRC"
cik: "0000746598"
company_name: "BRADY CORP"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:21:17.686730+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Brady Corp agrees to acquire Gravotech Holding for €123M (~$133M)

## Summary
- Purchase price €123M (~$133M); funded through cash on hand and existing credit facility.
- Gravotech is a leader in marking/engraving; 2023 sales €112M (~$121M).
- Expected to close by July 31, 2024, subject to French works council and regulatory clearances.
- Adds direct part marking and engraving to Brady's product identification offering.
- Excluding acquisition costs, EPS impact expected to be immaterial for FY ending July 31, 2024.

## SEC filing metadata
- accession: 0000746598-24-000012
- form_type: 8-K
- ticker: BRC
- cik: 0000746598
- company_name: BRADY CORP
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746598/000074659824000012/0000746598-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746598/000074659824000012/brc-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746598-24-000012
- JSON: https://secwatch.observer/filing/0000746598-24-000012.json
- Plain text: https://secwatch.observer/filing/0000746598-24-000012.txt

## Key facts
- Material Agreements
  BRADY CORP entered into Put Option Letter with MML Capital Europe VI II S.A. and other institutional and individual holders (collectively, the "Sellers") valued at approximately EUR 123 million (approximately USD 133 million) (effective 2024-03-15).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: MML Capital Europe VI II S.A. and other institutional and individual holders (collectively, the "Sellers")
  - Value: approximately EUR 123 million (approximately USD 133 million)
  - Effective: 2024-03-15
  source text: On March 15, 2024, Braton Europe S.A.R.L., a wholly-owned subsidiary of Brady Corporation (the “Company”), entered into a Put Option Letter (the “Put Option Letter”) with MML Capital Europe VI II S.A. and other institutional and individual holders (collectively, the “Sellers”), which own directly or indirectly 100% of the securities issued by Gravotech Holding (“Gravotech”), a French limited liability company (société par actions simplifiée).
  evidence_url: https://www.sec.gov/Archives/edgar/data/746598/000074659824000012/0000746598-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.