M&A - Veralto Corp

Form Type: ARS

Filing Date: 2025-03-28

Corporate Action: Acquisition

Type: New

Accession Number: 000196768025000060

Filing Summary: Veralto Corporation completed its first significant acquisition by acquiring TraceGains, a leading provider of cloud-based software solutions aimed at enhancing connectivity and digital workflows for consumer brands. This strategic acquisition is expected to complement Veralto's existing offerings by enabling a source-to-shelf solution for consumer brand customers, further bolstering their competitive edge in the market. Alongside this acquisition, Veralto made a minority investment in Axine Water Technologies, aimed at enhancing its water treatment capabilities through innovative electrochemical oxidation technology designed to address difficult-to-treat organic contaminants. The company reported financial growth with a 3.4% increase in sales to $5.2 billion and generated robust free cash flow of $820 million, indicating strong operational performance and a commitment to future value creation through investments in innovation and customer solutions.

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