Brady Corp. (BRC) Acquires Magicard Limited

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Go back to Brady Corp. (BRC) Acquires Magicard Limited

Brady Corporation Acquires Magicard Limited

May 21, 2021 7:00 AM EDT

MILWAUKEE, May 21, 2021 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (Brady) announced today that it has acquired Magicard Limited (Magicard or the Company) for approximately GBP 42 million (approximately USD 59 million). Brady Corporation will fund the transaction with cash held outside the United States. Magicard, with forecasted sales of approximately GBP 23 million (approximately USD 32 million) for the year ending December 31, 2021, is a pioneer of ID card-printing technologies with a full range of desktop devices to meet a wide variety of local, on-demand, secure ID card issuance requirements.

Magicard was founded in 1992 and is headquartered in Weymouth, United... More