Veralto Acquires TraceGains
October 7, 2024
Veralto Corporation (NYSE: VLTO) has acquired the holding company that owns TraceGains for $350 million (subject to customary post-closing adjustments). TraceGains is a cloud-based SaaS provider of food and beverage compliance, traceability, and product development workflow solutions (2024 revenue just over $30M, >95% recurring). The acquisition expands Veralto's Product Quality and Innovation offerings (complementary to its Esko business) to accelerate growth and drive cross-sell synergies.
- Buyers
- Veralto Corporation
- Targets
- TraceGains
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Transaction Type
- Buyout
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