Brady Corp acquires Gravotech Holding for EUR 120M (~USD 130M)

BRADY CORP

100% share capital and voting rights acquired via cash purchase price of EUR 120M (~USD 130M), subject to working capital adjustment.
Expected closing on August 1, 2024, after works council consultations and French regulatory clearances obtained.
Financed with cash on hand and borrowings under existing credit agreement.
Gravotech provides engraving, marking, and cutting solutions; acquisition expands Brady's product line.

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