| ARJIL advises Trescal for the acquisition of ASAP Calibration & QEMS assets in the UK (July 2009) |
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Trescal acquires ASAP Calibration and QEMS assets from QinetiQ, the UK-based defence company. This acquisition gives Trescal a leading position in the UK market, whilst consolidating further its European leadership. ARJIL acted as exclusive financial adviser to Trescal. Trescal, European leader in calibration provides a broad range of services for the Test and Measurement equipment market. Represented in 11 European countries, Trescal operates in over 45 calibration laboratories and employs more than 1,000 people across Europe. Trescal services 20,000 customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Further to ASAP acquisition, Trescal’s pro forma budgeted sales will amount to ca. €95m. After having advised l’Air Liquide in 2007 for the sale of Trescal to Astorg Partners & the management team, ARJIL has actively worked with Trescal and its new shareholders for the implementation of its build-up strategy. This complex transaction – carve out of QEMS business prior to the acquisition of ASAP – enlightens ARJIL’s know how in complex and cross border environments. This acquisition fully illustrates ARJIL’s goal to develop recurring & longstanding relationships with its clients and its capacity to secure an exclusive acquisition process. ARJIL’s Team: |