M&A Deal Summary

AstroNova Acquires Astro Machine

On August 9, 2022, AstroNova acquired machinery company Astro Machine for 17M USD

Acquisition Highlights
  • This is AstroNova’s 2nd transaction in the Machinery sector.
  • This is AstroNova’s largest (disclosed) transaction.
  • This is AstroNova’s 1st transaction in the United States.
  • This is AstroNova’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-08-09
Target Astro Machine
Sector Machinery
Buyer(s) AstroNova
Deal Type Add-on Acquisition
Deal Value 17M USD
Advisor(s) Hanley, Hammill, Thomas (Financial)

Target

Astro Machine

Elk Grove Village, Illinois, United States
website
Astro Machine is a designer and manufacturer of professional color and monochrome inkjet printers as well as a wide range of media handling equipment for labeling and mailing applications. Astro Machine was founded in 1978 and is based in Elk Grove Village, Illinois.

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Buyer(S) 1

Buyer

AstroNova

West Warwick, Rhode Island, United States

website

Category Company
Founded 1969
Sector Technology Hardware
Employees339
Revenue 117M USD (2022)
DESCRIPTION

AstroNova is a manufacturer of specialty high tech printing systems and data acquisition systems. Astro-Med, Inc. products include color label printers and consumables sold under the QuickLabel Systems brand as well as rugged printers for aerospace and defense applications and data acquisition products sold under the Astro-Med brand. AstroNova was founded in 1969 and is based in West Warwick, Rhode Island.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Trojanlabel ApS

Herlev, Denmark

Trojanlabel ApS is a manufacturer of products including digital color label presses and specialty printing systems for a broad range of end markets.

Buy kr.64M
Mergr

Product

Company

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