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 2nd 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
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
Category Company
Founded 1969
Sector Technology Hardware
Employees365
Revenue 148M USD (2024)
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, 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 3
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 MTEX NS

Vila Nova de Famalicão, Portugal

MTEX NS is a provider of digital printing technology. The company offers advanced digital solutions for textiles, packaging, and labeling, combining engineering creativity with a steadfast commitment to sustainability. MTEX NS was founded in 2011 and headquartered in Vila Nova de Famalicão, Portugal.

Buy €24M
Mergr

Product

Company

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