TRESCAL ACQUIRES PYROMETRO SERVICES S.B. IN MALAYSIA

Started by dminesinger, 10-31-2017 -- 15:55:06

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dminesinger

10-31-2017 -- 15:55:06
TRESCAL ACQUIRES PYROMETRO SERVICES S.B. IN MALAYSIA

HOWELL, MICHIGAN - October 31, 2017 - Trescal (www.trescal.com), the international specialist in calibration services, announces the acquisition of Pyrometro Services S.B. (Pyrometro), a calibration services provider based in Malaysia. This first step in Malaysia expands Trescal's geographical footprint and technical coverage in South East Asia. This acquisition has been completed with the support of Ardian, Trescal's majority shareholder.

Founded in 1992 in Kuala Lumpur, Pyrometro is a Malaysian one-stop-shop calibration company comprised of four accredited laboratories across the country, with strong capabilities in electrical (electro-magnetism), torque, hardness and temperature domains. Pyrometro employs 168 people, generates a turnover of 15 million Malaysian Ringgit (~3,0 m€) and is mostly active in the Life Sciences sector.

"We are delighted to continue our Asian external growth strategy with Pyrometro and its excellent management team, Mrs. Cindy Tan and Mr. Teo," said Guillaume Caroit, Deputy CEO, Trescal. "They will stay on board to accompany our development in Malaysia. Our ambition is to reach 40 to 50 M€ sales in Asia by 2022 through organic growth and acquisitions."

This acquisition is the twenty-third acquisition since Trescal's change of ownership to Ardian in July 2013.
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