Brady completes acquisition of Gravotech for EUR 120M (~USD 130M)

BRADY CORP

Acquisition of Gravotech closed Aug 1, 2024; enterprise value EUR 120M (~USD 130M).
Gravotech provides precision laser and mechanical engraving for direct part marking.
Brady expects Gravotech to add ~EUR 116M sales and ~EUR 12M EBITDA in fiscal 2025, excl. integration costs.
CEO Russell Shaller says acquisition expands product offering into precision marking, aligns with core business.
Brady plans to leverage global footprint in Europe, Asia, and Americas to grow Gravotech's market.

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