AstroNova acquires MTEX NS for €24.3M; expects $8-10M revenue add this fiscal year

AstroNova, Inc.

Enterprise value €24.3M plus up to €4M earnout based on revenue growth targets over three years.
AstroNova expects the deal to add $8-10M in revenue in the current fiscal year.
MTEX NS is a Portugal-based digital printing leader; becomes wholly owned subsidiary; CEO Elói Ferreira remains.
Acquisition funded via amended senior bank debt facilities; adds packaging, label, and DTF printing adjacencies.
Expands AstroNova's Product Identification segment and geographic reach in Europe, Middle East, Americas.

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