0 Shares 8 Views

OMERS to purchase majority stake in scientific measurement company

November 14, 2017
8 Views

The private equity investment arm of the Ontario Municipal Employees Retirement System has entered into an agreement with private equity company Ardian to acquire a majority stake in Trescal.

Trescal provides metrology services in 22 countries across North and South America, Europe and Asia. It services include the calibration and maintenance of test and measurement equipment.
The company provides the services to a wide range of sectors, including the defence, aerospace, telecommunications, automotive and transportation industries. It also provides consultation services in acquiring and implementing test and measurement systems.
OMERS says it plans to support the company’s continued growth through further acquisitions in what the release noted is a large but fragmented sector.
“We have followed Trescal since 2014 and have been impressed by the quality and track record of Trescal’s management team lead by Olivier Delrieu,” said Jonathan Mussellwhite, co‐head of OMERS’ private equity arm in Europe, in a release. “This is our third consecutive bilateral off-market transaction and OMERS Private Equity’s first investment in France; a significant and important market for us as we continue to expand our global investment footprint.”
“With Ardian’s support, Trescal has expanded its footprint to new continents (South and North America and Asia) and completed 25 acquisitions worldwide reinforcing its global customer service offering,” said Olivier Delrieu, chief executive officer of Trescal, in a release.

You may be interested

Trading and broking
2 views

First NZ Capital eyes wider product offering with Direct Broking deal – sharechat

webmaster - November 20, 2017

First NZ Capital eyes wider product offering with Direct Broking dealsharechatThe Wellington-based broking and research house has agreed to buy ANZ Bank New Zealand's online trading platform…

Historias de Éxito Negocios
2 views

DPP coloca US$25 millones en el mercado de valores dominicano – El Viajero Digital

webmaster - November 20, 2017

El Viajero DigitalLa demanda, en todas las ocasiones, fue superior al monto ofertado. “Nos satisface enormemente la acogida de las instituciones y del público a los bonos…

The Postal Banking Solution – Jacobin magazine
Banking and finance
1 views
Banking and finance
1 views

The Postal Banking Solution – Jacobin magazine

webmaster - November 20, 2017

Jacobin magazineResidents may be at the edge of the world, but thanks to the state-owned postal banking entity, Kiwibank, they still have access to basic financial services.…

Most from this category