Veralto to acquire TraceGains for $350m.

Veralto, a provider of essential water and product quality solutions, agreed to acquire TraceGains, a provider of cloud-based software solutions, for $350m. "We believe the transition to digital workflow solutions in the food and beverage industry is poised for strong growth over the next decade. The acquisition of TraceGains, in combination with our Esko business, strategically expands our digital offering and provides us the opportunity to deliver greater value to consumer brands as they digitize critical workflows with connected data across new product development, compliance and packaging," Jennifer L. Honeycutt, Veralto President and CEO.