Brady Corporation completed the acquisition of Magicard from LDC for £42m.

Brady, a manufacturer of products for identifying components used in workplaces, completed the acquisition of Magicard, a pioneer of ID card printing, from Lloyds Development Capital, a private equity firm, for £42m ($59m). "Over the last several years, we expanded and enhanced Magicard’s new product development and manufacturing capabilities, and we’ve broadened our portfolio of high quality, versatile, secure printing solutions. The sale of Magicard to a market leader in printing and material solutions such as Brady presents an excellent opportunity for long-term profitable growth for our business," Ian Cliffe, Magicard CEO.