Aquisition of new companies aids development of calibration specialist
Trescal, the international specialist in calibration services, had announced the acquisition of US company Master Metrology and Gefran’s Italian metrology assets. Respectively, the companies are based in Towson (Maryland, USA) and Provaglio d’Iseo (Italy) and A2LA and Accredia accredited.
With an annual turnover of $2m and 16 employees including 7 engineers, Master Metrology increases Trescal’s growing presence in the US and also broadens its technical offer, notably in the dimensional and torque domains.
Gefran’s Italian metrology laboratory, with annual sales of €800,000 and 5 employees including 4 engineers, will be merged with Trescal’s existing laboratory in Brescia, growing its lab-based offer in Italy’s humidity, temperature and climatic chamber calibration sector, within laboratory and on site.
The deals were completed with the support of Trescal’s majority shareholder, Ardian, the premium independent private investment company. They are the fifth and the sixth build-up transactions executed following Ardian’s acquisition of Trescal in July 2013.
Guillaume Caroit, general secretary of Trescal Group, said: “These acquisitions fit perfectly with our development strategy, both in the US where we hope to achieve a leading position in the next two years and also in Europe, where our ambition is to extend the technical offer to our clients. We are working on two or three build-up to be closed before the end of the year.”
Raymond Wood, founder and president of Master Metrology added: “Master Metrology is one of a number of fast growing companies that are contributing to the resurgence of Maryland manufacturing. The acquisition by Trescal expands our market-leading position and gives our customers access to greater technical capability across a broader geographic footprint.”
Thibault Basquin, managing director in the Mid Cap Buyout team at Ardian, said: “Trescal’s ambitious international growth strategy reflects both the strength of Trescal’s management team and the level of support which Ardian always gives its portfolio companies.”