European calibration services business Trescal has acquired the complementary US company DTI.
European calibration services business Trescal has acquired the complementary US company Dynamic Technology (DTI).
Trescal’s CEO Olivier Delrieu comments that the acquisition, which was for an undisclosed sum, will increase the company’s penetration into the US calibration market.
The acquirer is owned by the private equity firms 3i and TCR Capital and has operations in the UK and across Europe. The company provides calibration and maintenance services, operating 55 calibration laboratories and employing 1,400 staff globally. Trescal has customers in sectors including defence and aeronautics, and in 2010 had sales of around €125 million (£104 million).
Rémi Carnimolla, partner at 3i, says: ‘This acquisition represents a major strategic development. We quickly made our US network and experience in transatlantic deals available to Trescal and DTI to ensure the best possible outcome for the transaction. We will continue to support Trescal and DTI in this way.’
Founded in 1987, Michigan-based DTI provides metrology and calibration services to industries such as automotive and pharmaceuticals. The company employs 180 staff across its five laboratories, and it currently has a turnover of $23 million (£14.8 million).