ROCHESTER, N.Y- Transcat Inc., a distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and weighing system services, has completed the acquisition of substantially all of the assets of Wind Turbine Tools, Inc. and affiliated entities. The purchase was an all-cash transaction, although terms were not disclosed. The acquisition further expands and deepens Transcat’s presence in the wind energy industry.
Wind Turbine Tools’ (Lincoln, Montana) founder, Jim Daugherty, will remain with Transcat as director of wind energy sales.
Transcat had announced in November 2010 that it had entered into a non-binding Letter of Intent to acquire Wind Turbine Tools.
Transcat Completes Acquisition of Wind Turbine Tools
January 18, 2011