Wire
MSA Safety to Acquire Autronica Fire and Security for $555 million; Shares Rise
MSA Safety (MSA) said Tuesday it has signed a definitive agreement to acquire Norway-based Autronica Fire and Security for about $555 million.The deal is expected to be accretive to growth and margins, and will be accretive to adjusted earnings per share in the first full year of ownership, the company said.MSA Safety said the acquisition will be funded through a combination of cash on hand and borrowings under its existing credit facility, and is slated to be completed in Q3.Shares of the company were up 5.5% in Tuesday trading.Price: $174.01, Change: $+8.75, Percent Change: +5.29%
$MSA
