Brady Corporation Completes Acquisition of Gravotech Holding

Core Viewpoint - Brady Corporation has completed the acquisition of Gravotech Holding for EUR 120 million (approximately USD 130 million), enhancing its capabilities in specialized marking and engraving solutions [1][2]. Company Overview - Brady Corporation is an international manufacturer and marketer of solutions that identify and protect people, products, and places, with a diverse customer base across various industries [3]. - As of July 31, 2023, Brady employed approximately 5,600 people and reported fiscal 2023 sales of approximately USD 1.33 billion [3]. Acquisition Details - The acquisition of Gravotech is expected to expand Brady's product offerings into precision direct part marking and engraving, aligning with its market position in product identification solutions [2]. - Brady anticipates sales from Gravotech of EUR 116 million (approximately USD 125 million) and EBITDA of EUR 12 million (approximately USD 13 million) in fiscal year 2025, excluding integration-related costs [2]. Strategic Intent - The acquisition allows Brady to leverage its global footprint to expand Gravotech's addressable market across Europe, Asia, and the Americas [2]. - Gravotech's leadership expressed optimism about the acquisition, highlighting opportunities for long-term profitable growth and market expansion [2].