Trescal Pursues Acquisition Strategy in North America, Italy with Support of Ardian
PARIS — Trescal, the international specialist in calibration services, today announces the acquisition of U.S. company Master Metrology, Inc. and Gefran’s Italian metrology assets. Respectively based in Towson (Maryland, USA) and Provaglio d’Iseo (Italy) and A2LA and Accredia accredited.
With an annual turnover of $2 million and 16 employees, including seven 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 five employees, including four 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.”