Element Materials Technology
Nature of business
Element Materials Technology is a global network of laboratories specialising in materials testing, product qualification and failure analysis for the Aerospace & Defence, Oil & Gas, Power Generation, and Transportation sectors. Their team of over 1,400 scientists, engineers and technicians are located throughout the US and Europe.
After completing our €150m primary buyout through the carve-out from Stork Group, we introduced a number of key executives from our Business Leaders Network.
Pete Regan, who was previously Chief Executive and Chairman of former 3i investment ERM, joined as Chairman, while Ad Verkuyten joined the board as NXD. Ad’s track record as former CEO of testing and inspection group, Röntgen Technische Dienst, made him the ideal partner in a highly technical sector. He has also worked closely with us on our investments in both Inspecta and Inspicio.
We are working actively with Element on commercial excellence, strategic direction, acquisitions and operational improvements and supported the carve-out from Stork Group.
In 2013, our banking team advised on a re-financing to support the international buy-and-build programme. With the recent acquisition of Sherry Laboratories and Delsen, both in the US, Element has now completed 5 acquisitions under our ownership.
Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i Amsterdam.