AstroNova, Inc. (NasdaqGM:ALOT) is looking for acquisition opportunities. Greg Woods, President and Chief Executive Officer said, "I think I mentioned before is that really more than 90% of the things we take a close look at, we end up not going forward for one reason or another. But yes, the activity level is definitely up in terms of our group that does take a look at these acquisition opportunities.
And I can say, we have quite a few that look interesting. So ideally, we can close one or more of those this year".
AstroNova, Inc. designs, manufactures, distributes, and services a range of products that acquire, store, analyze, and present data in multiple formats. The Company operates through two segments: Product Identification (PI) and Test & Measurement (T&M). The PI segment provides an array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for original equipment manufacturers (OEMs), commercial printers, and brand owners. The T&M segment provides products designed for airborne printing solutions, avionics, and data acquisition. Its aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Its data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications. The Company also offers advanced digital solutions for textiles, packaging, and labeling.