Brady Corporation Earlier Announced It Entered Into An Agreement To Sell Its Premisys Software And Hardware Assets To SGI Matrix For Approximately $8M At Closing, Plus $1M To Be Paid On Twelve- Month Anniversary Of Closing
On February 27, 2023, Brady Corporation (the "Company") entered into an agreement to sell its PremiSys® software and hardware assets to SGI Matrix, LLC, an affiliate of ACRE Operating Group, LLC, for approximately $8 million to be paid at time of closing, with an additional $1 million to be paid as deferred purchase price on the twelve-month anniversary of the closing.On February 27, 2023, Brady C
