AstroNova Acquires Astro Machine

August 9, 2022

AstroNova, Inc. (Nasdaq: ALOT) acquired Astro Machine from its founding family for $17.1 million in cash. The acquisition adds Astro Machine's engineering and 34,000-square-foot manufacturing facility in Elk Grove Village, Illinois to AstroNova's Product Identification portfolio, expanding U.S.-based manufacturing capacity and complementary market channels.

Buyers
AstroNova, Inc.
Targets
Astro Machine
Sellers
Founding family
Industry
Manufacturing
Location
Illinois, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.