Brady Corporation acquires ID Technologies Pte Ltd. in Singapore

Brady Corporation has acquired ID Technologies Pte Ltd., a Singapore-based manufacturer and supplier of pressure sensitive die-cut components and labeling products. Terms of the transaction were not disclosed.
ID Technologies, founded in 1990, is a leading manufacturer for the electronics and hard-disk drive industries and sells direct to customers in Singapore, China, Malaysia, Europe and the United States. The company had fiscal 2004 sales of approximately $24 million (US) and employs about 150 people in Singapore and Shanghai. Brady expects the acquisition to add approximately $0.05 to earnings per diluted share in fiscal 2005.
‘he electronics industry continues to offer significant opportunities for us, given the explosive growth of hard disk drives used in laptops and other mobile applications such as digital cameras, set top boxes, MP3 players and other devices. This acquisition will enhance our position as a leading supplier to this industry and further strengthen our presence in Asia,’said Frank Jaehnert, Brady president and chief executive officer.
Brady's global die-cut business currently has manufacturing operations in the United States, China, Singapore, Malaysia, Brazil, and Germany. Its products include custom die-cut and precision specialty materials for use in a wide range of devices such as computers, disk drives, two-way radios, cellular phones, and consumer electronic equipment. It has globally networked systems and operations aligned to support worldwide design centers while providing local service and delivery.