UK-based calibration specialist Trescal has announced the acquisition of several companies, representing a total of $27 million in sales.
The newly acquired companies include Standard Calibration Technology Institute (SCTI) in South Korea, Nordic Service Group (NSG) in Scandinavia, Delta-P Monitoring Technology in Ireland, ASG X-Technologies in Australia, and Integrajaya Calibration Technologies (ICT) in Malaysia..
They are the first acquisitions since EQT Infrastructure entered exclusive negotiations to acquire a majority stake in Trescal.
SCTI is one of South Korea’s top 5 largest independent calibration companies, representing over €10.8 million in sales. Thanks to its 100 employees and its broad scope of accreditation, SCTI provides over 200,000 calibrations per year. Its competence in spectrophotometry will complete Trescal’s capabilities in Korea and beyond.
NSG operates five facilities throughout Denmark, Sweden, Norway and Finland, allowing Trescal to penetrate the Finnish market. NSG bolsters Trescal’s single source solution for life sciences, notably by providing planned and preventive maintenance services. Its 70 employees generate $10.8 million in sales.
These five acquisitions position us for excellent strategic growth in 2023 and beyond
Delta-P specialises in the life science sector, complementing Trescal’s existing qualification services in Western Europe. Its offer includes cleanroom qualification, HVAC/refrigeration maintenance and HVAC commissioning. It allows Trescal to reach critical size in Ireland with $7.5 million in sales.
ASG X bolsters Trescal’s capabilities and calibration scopes in pressure, electrical, frequency and time. Its wind tunnel adds a new traceable calibration service for Trescal Australia. Though it operates mainly out of Melbourne, ASG X also has close client relationships in Perth, Sydney, Newcastle, Brisbane and Tasmania.
ICT reinforces Trescal’s Malaysian footprint through its presence in Penang. ICT’s expertise in the electrical domain best serves semiconductor manufacturers.
Guillaume Caroit, Trescal CEO: “As we begin a new chapter with EQT, these five acquisitions position us for excellent strategic growth in 2023 and beyond, particularly in Asia Pacific and the life science sector.”