WEST WARWICK, R.I.--(BUSINESS WIRE)--
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization
technologies, has completed the previously announced acquisition by its
wholly owned Danish subsidiary, ANI ApS, of Trojanlabel ApS, a European
manufacturer of products including digital color label presses and
specialty printing systems for a broad range of end markets. Excluding
acquisition-related expenses, the acquisition is expected to be
accretive to AstroNova’s earnings in the first 12 months of combined
operation.
“This acquisition is an important strategic milestone for our Product
Identification business,” said AstroNova President and CEO Gregory A.
Woods. “Trojanlabel enhances our leadership in the digital color label
printer market, expands our European manufacturing base and broadens our
geographic footprint with a strong dealer network in Africa, Asia,
Europe and the Middle East that complements our North American direct
sales force.”
About AstroNova
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization
technologies, designs, manufactures, distributes and services a broad
range of products that acquire, store, analyze and present data in
multiple formats. The Product Identification segment offers a variety of
hardware and software products and associated consumables that allow
customers to mark, track and enhance the appearance of their products.
Major brands include QuickLabel®, the industry leader in onsite digital
color label printing. The Test and Measurement segment includes the T&M
Product Group, which offers a suite of products and services that
acquire, record and analyze electronic signal data from local and
networked sensors. The Test and Measurement segment also includes a line
of Aerospace Products such as printers, networking hardware and related
accessories. These products are used in the aircraft flight deck to
print flight plans, navigation information and performance data and in
the aircraft cabin to print maintenance data, receipts and passenger
manifests. AstroNova is a member of the Russell Microcap® Index and the
LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is
available by visiting www.astronovainc.com.
Forward-Looking Statements
Information included in this news release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are not statements of
historical fact, but rather reflect our current expectations concerning
future events and results. These statements may include the use of the
words “believes,” “expects,” “intends,” “plans,” “anticipates,”
“likely,” “continues,” “may,” “will,” and similar expressions to
identify forward-looking statements. Such forward-looking statements,
including those concerning growth through acquisitions, involve risks,
uncertainties and other factors, some of which are beyond our control,
which may cause our actual results, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These risks, uncertainties and factors
include, but are not limited to, those factors set forth in the
Company’s Annual Report on Form 10-K for the fiscal year ended January
31, 2016 and subsequent filings AstroNova makes with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The reader is cautioned not
to unduly rely on such forward-looking statements when evaluating the
information presented in this news release.
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Source: AstroNova, Inc.