AstroNova Portugal receives Porto industrial property valued at EUR 2.5 million in settlement

AstroNova, Inc.

AstroNova, Inc.

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  • AstroNova entered a settlement on May 15, 2026 to resolve disputes tied to its May 2024 acquisition of MTEX.
  • Under the deal, Atlantiprestigio will transfer an industrial property in Porto, Portugal to AstroNova Portugal, valued at EUR 2.5 million.
  • Atlantiprestigio will also waive amounts owed by MTEX under the property lease.
  • The parties plan to terminate pending arbitration in Oporto once the property is definitively registered to AstroNova Portugal.


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