Trescal acquires Antech Engineering Ltd in the United Kingdom
Trescal, the international specialist for calibration services, has strengthened its market leading position in the United Kingdom with the acquisition of Antech Engineering Limited, a specialist provider in pressure, temperature and flow measurements.
The acquisition will enhance the calibration services of the group in the oil and pharmaceutical industries and broaden Trescal’s accredited domain offering.
With a turnover of £ 2.5 million, Antech has 35 employees across 2 laboratories. This is the second acquisition for Trescal in the UK since it acquired Dowding & Mills in April 2010. Trescal has now reinforced its leading position in the UK market with a total turnover of £29 million across 9 laboratories and 18 customer satellites with a staff of 400.
It is also the second acquisition since 3i invested in Trescal in September 2010. In January 2011, Trescal announced the acquisition of Dynamic Technologies Inc., allowing the group to enter the US market. In total, 10 acquisitions have been made by the company since 2007.
“This acquisition consolidates our leading position in United-Kingdom and reinforces our “one-stop-shop” offer in calibration services for test and measurement equipment. This enables Trescal to broaden our skills to better serve the chemical, oil and pharmaceutical industries,“ says Fiona Horrocks, General Manager Trescal Ltd.
Remi Carnimolla, 3i Partner, commented: "This is another example of 3i’s ability to accelerate growth and create leading international businesses. 3i has extensive experience investing in the business services sector and a strong understanding of Trescal’s target markets. We are committed to working with Trescal and its management team to further grow and develop the business through strategic acquisitions. After acquiring DTI, which opened the doors of the U.S. market, the acquisition of Antech is a significant step into the UK and will enhance Trescal’s market leading position.”
With this new acquisition, Trescal offers a wide range of calibration services through an unequalled worldwide network that reaches over 57 calibration laboratories.
About Trescal (www.trescal.com)
Trescal, international specialist in calibration provides a broad range of services for the test and measuring equipment market.
Trescal are represented in 13 countries: Belgium, Czech Republic, Denmark, France, Germany, Italy, Spain, Sweden, the Netherlands, United Kingdom, United States, Romania and Tunisia.
Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal offer their expertise for the implementation and acquisition of measurement systems, customised equipment pool management software solutions, metrology and technical support, and training.
Trescal operate in 57 calibration laboratories and employ over 1,400 people across the world. Trescal service 20,000 customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Including the acquisition of Antech Engineering Ltd., Trescal’s pro forma sales for 2011 will amount to 132 million euros.
About 3i (www.3i.com)
3i is an international investor focused on Private Equity, Infrastructure andDebt Management, investing across Europe, Asia and the Americas. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors.
Guillaume Caroit (General Secretary), email@example.com, +33 (0)1 56 70 36 10
Catherine Bourdoncle (Communications Director),firstname.lastname@example.org, +33 (0)4 42 46 99 66
Fiona Horrocks (General Manager Trescal Ltd), email@example.com, + 44 (0) 1252 53 33 01
For further information please contact:
Kathryn van der Kroft
tel. +44 207 975 3021