Brady to acquire Gravotech for €123m.

Brady, an international manufacturer and marketer of complete solutions that identify and protect people, products and places, agreed to acquire Gravotech, a company designs, manufactures and distributions of innovative solutions for specialized engraving, marking and cutting, offering laser, mechanical engraving, scribing and dot peen capabilities, for €123m. “Gravotech is a highly regarded France-based company that is well-known globally for its innovative and differentiated solutions. The planned acquisition of Gravotech expands our product offering into precision direct part marking and engraving, with a product offering complementary to Brady’s. We would intend to grow Gravotech’s addressable market through Brady’s global footprint throughout Europe, Asia and the Americas,” Russell R. Shaller, Brady President and CEO.