AstroNova - M&A Summary and Business Overview

Technology HardwareCompany

AstroNova M&A Summary

AstroNova has acquired 3 companies, including 2 in the last 5 years. It has also divested 1 asset.

AstroNova’s largest acquisition to date was in 2024, when it acquired MTEX NS S.A. for $27M. It’s largest disclosed sale occurred in 2013, when it sold Grass Technologies Products to Natus Medical for $19M. AstroNova has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include machinery (67%) and business services (34%).

AstroNova Business Overview

Where is AstroNova headquartered?

AstroNova is headquartered in West Warwick, Rhode Island.

What is AstroNova’s revenue?

AstroNova disclosed revenue of 148M USD for 2024 and 142M USD for 2023.

How many employees does AstroNova have?

AstroNova has 365 employees.

What sector is AstroNova in?

AstroNova is a technology hardware company.

When was AstroNova founded?

AstroNova was founded in 1969.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1

AstroNova

AstroNova, Inc.

600 E Greenwich Avenue,
West Warwick, Rhode Island 02893
United States,
(401) 828-4000
www.astronovainc.com

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, 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - - 1 - 1 3
vol $10M $17M $27M $54M
Sell (0.0/yr) # 1 - - - - - 1
vol $19M $19M
  4

Most Recent M&A

Company Date Value Type
MTEX NS S.A. 2024-05-06 27M EUR Add-on Acquisition
Vila Nova de Famalicão, Portugal · www.mtexns.com
Astro Machine Corp. 2022-08-09 17M USD Add-on Acquisition
Elk Grove Village, Illinois · www.astromachine.com
Trojanlabel ApS 2017-01-12 10M DKK Add-on Acquisition
Herlev, Denmark · www.trojanlabel.com
Grass Technologies Products 2013-01-31 19M USD Divestiture
Middleton, Wisconsin · www.grasstechnologies.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 2 (67%) 27M (49%) - -
Business Services 1 (33%) 27M (51%) - -
Medical Products - - 1 (100%) 19M (100%)
Total 3 $54M 1 $19M

By Geo

State/Country Buy Value Sell Value
United States 1 17M 1 19M
  Illinois 1 17M - -
  Wisconsin - - 1 19M
Denmark 1 10M - -
Portugal 1 27M - -
Domestic 1 (33%) 17M (32%) 1 (100%) 19M (100%)
Cross-border 2 (67%) 37M (68%) - -
Total 3 $54M 1 $19M

Deal Values

buy # Total
< $100M 3 $54M
TOTAL $54M
Largest MTEX NS S.A.
$27M (2024-05-06)
sell # Total
< $100M 1 $19M
TOTAL $19M
Largest Grass Technologies Products
$19M (2013-01-31)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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