Brady acquires Italian manufacturer Modernotecnica

Brady Corporation, a world leader in identification solutions, announced January 3 that it has acquired wire-identification manufacturer Modernotecnica SpA of Milan, Italy. Terms of the transaction were not disclosed.

Modernotecnica serves the MRO market and manufactures wire-identification products used primarily in the electrical industry by panel builders and electrical installers. Its products include wire markers, electrical signage, name plates and face plates, cable management accessories, and software and printers used in wire marking. The company, founded in 1940, employs 44 people and has annual sales of approximately $15.5 million (U.S.).

“Modernotecnica has a well-recognized brand and strong sales channels. This acquisition enhances our local presence in the Italian electrical market, and further strengthens our position as a leader in wire identification in Europe. We look forward to working with the talented team in Milan to bring complementary products to both Brady and Modernotecnica customers," said Peter Sephton, president, Brady Europe.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Its products help customers increase safety, security, productivity and performance and include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has more than 500,000 customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee and employs more than 9,000 people at operations in the Americas, Europe and Asia/Pacific.