TRESCAL ANNOUNCES TWO ACQUISITIONS IN THE USA AND IN SOUTH EAST ASIA
Paris, December 6th, 2018. Trescal, the international specialist in calibration services, announces the acquisitions of MATsolutions based in the United States (Dallas) and of NorthLab in South-East Asia.
Founded in 1992, MATsolutions is a PJLA ISO/IEC 17025:2005 accredited calibration laboratory with skills in electrical, mechanical, optical, physical and dimensional. The company also provides multibrand second hand retrofitted / repaired test and measurement equipment. MATsolutions employs 24 people and its sales reached $ 6.5 million in 2017 with customers in Telecom, Electronics and Engineering industries.
Founded in 1996, NorthLab is an international calibration service provider with a presence in Singapore and Malaysia (Selangor and Labuan). The laboratories are respectively accredited SAC-SINGLAS (ISO/IEC 17025) and SAMM (ISO/IEC 17025) and address customers active in the Oil & Gas, Shipyard, and Aerospace industries. The group employs 90 people and its sales reached a turnover of €4 million in 2017.
Two of the four founders, Sunil Nair and Vaidyanathan Srikrishnan will remain in the company to pursue the development and the integration of the company within Trescal.
Guillaume Caroit, Trescal Deputy CEO, said: “These two acquisitions embody our yearn to aggressively develop our presence in North America and Asia; our goal in South East Asia is to reach 30 M€ sales by the end of 2019 with a mix of double digit organic growth and 3 to 4 additional acquisitions.”
These are the 5th and 6th acquisition carried out with the support of the main shareholder OMERS.