TEES VALLEY, ENGLAND-An industrial testing firm could create dozens of jobs in England after being bought by a sector giant.
Tees Valley, England -based Engineering Test Services (ETS) has been acquired by Princeton, NJ-based Mistras Group Inc, for an undisclosed sum.
ETS presently employs 85 but could extend that by 50 following the deal.
The firm, formed in the 1970s, had turnover of more than £4m ($5.2 million) during the last year and the deal is expected to help drive its future growth plans.
ETS provides non destructive testing (NDT) services, meaning it uses radiography and ultrasonics to carry out tests, rather than cutting components up.
It also has a division providing personnel such as inspectors and engineers to firms.
Mistras employs more than 2,700 staff in 79 offices across the globe.
Mistras Buys English Industrial Testing Firm
December 15, 2011