M&A Deal Summary

AstroNova Acquires MTEX NS

On May 6, 2024, AstroNova acquired business services company MTEX NS for 24M EUR

Acquisition Highlights
  • This is AstroNova’s 1st transaction in the Business Services sector.
  • This is AstroNova’s 0th largest (disclosed) transaction.
  • This is AstroNova’s 1st transaction in Portugal.

M&A Deal Summary
Date 2024-05-06
Target MTEX NS
Sector Business Services
Buyer(s) AstroNova
Deal Type Add-on Acquisition
Deal Value 24M EUR

Target

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.

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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 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Portugal) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 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.

Buy $17M
Mergr

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