On Monday, Veralto Corporation (VLTO), a leader in water analytics, water treatment, marking and coding, and packaging and color services, announced its acquisition of TraceGains, a digital supplier management solution company, for $350 million.
TraceGains is a complementary addition to Veralto's Esko division, which specializes in providing digital workflow solutions for packaging and label design.
In the year 2024, TraceGains is projected to generate sales exceeding $30 million.
"The acquisition of TraceGains, combined with our Esko business, strategically broadens our digital offerings. It allows us to offer increased value to consumer brands as they digitize vital workflows with integrated data across new product development, compliance, and packaging," stated Jennifer Honeycutt, President and Chief Executive Officer of Veralto.
