Transcat Acquires Calibration Lab From ACA TMetrix Inc.
Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and weighing system services, announced today that it has acquired from ACA TMetrix Inc., its calibration and repair service business located in Mississauga, Ontario, a suburb of Toronto.
The acquired calibration and repair service business, which is ISO 9001-2008 registered, is a fully equipped, calibration laboratory that provides repair and service for instruments from over 60 manufacturers.
Charles P. Hadeed, President, CEO and COO of Transcat, commented, “Our strategy is to increase our market share of calibration and repair services in North America both organically and through acquisitions. This acquisition enables us to broaden our presence in Canada by complementing our current lab in Ottawa, Ontario. Our objective is to further penetrate the Canadian market through our well-established, high quality brand and reliable, fast service with CalTrak®, our convenient, online tracking and inventory system.”
“Transcat will continue to offer all of the in-Canada repair and calibration services that our customers have been accustomed to for over 50 years,” said Jim Turner, President of ACA TMetrix Inc. “In addition, I believe that Transcat brings economies of scale and expanded expertise that will make the operation second to none in Canada. Transcat will continue to operate from our Mississauga facility and the same factory trained technical staff will continue to offer all of the support that our customers came to depend on.”The purchase was an all cash transaction although terms of the transaction were not disclosed. ABOUT TRANSCAT Transcat, Inc. is a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration and repair services primarily for the pharmaceutical and FDA-regulated, industrial manufacturing, energy and utilities, chemical manufacturing, and other industries. Through its distribution products segment, Transcat markets and distributes national and proprietary brand instruments to nearly 14,000 customers. The Company offers access to more than 25,000 test and measurement instruments. Transcat delivers precise, reliable, fast calibration, and repair services across the United States, Canada and Puerto Rico through its 13 strategically located Calibration Centers of Excellence. Transcat’s calibration laboratories are ISO-9001:2008 registered and the scope of accreditation to ISO/IEC 17025 is believed to be one of the broadest in the industry. Transcat’s acquisition of United provided entry into both the distribution and service segments of the industrial scales and weighing systems marketplace in the Wisconsin, Northern Illinois and Upper Michigan areas.
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