Trescal expands its footprint to Canada

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Press release

Trescal expands its footprint to Canada

  • 07 January 2016

  • Buyout

  • France, Paris

6 minutes de lecture

Trescal, the international specialist in calibration services, today announces the acquisition of Primo Instrument. This acquisition will bring €7m in additional turnover to Trescal, led by its CEO Olivier Delrieu.

Based in Montreal, Primo Instrument is a leading supplier of test and measurement equipment. A one-stop-shop laboratory, the company offers the complete spectrum of calibration services and is A2LA accredited across its multiple practice areas. Primo employs 35 people and is mostly active in the aerospace and automotive sectors. Following the acquisition, Primo’s three founders – Pierre Tétrault, Michele Sardella and Tony Antonitti – will stay in their current positions to continue to lead the growth of the business. 

Guillaume Caroit, Trescal Deputy CEO, said: “We are thrilled to have Primo Instrument joining Trescal. Canada has always been a target for our geographical expansion as a large number of the group’s aeronautics and space customers are already located in this country.”

Pierre Tétrault, the founder of Primo Instrument, added: “We were looking to be backed by a strong partner to continue our success story. Trescal brings us the expertise and the network we need to accelerate our growth. We are very proud to join what is the worldwide leader in calibration services.”

Thibault Basquin, Managing Director of Ardian Mid Cap Buyout, added: “Trescal begins 2016 just as it finished 2015: pursuing its ambitious growth strategy. Primo Instrument’s presence in Canada brings a new attractive country to the group and reinforces its presence in North America.”

This deal was completed with the support of Trescal’s majority shareholder, Ardian, the independent private investment company. This is Trescal’s  14th build-up following Ardian’s takeover in July 2013.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,000+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ABOUT TRESCAL

Trescal, international specialist in calibration provides a broad range of services for the test and measuring equipment market. Trescal are represented in 20 countries: Austria, Belgium, Brazil, Canada, Czech Republic, Denmark, France, Germany, Italy, Luxemburg, Morocco, Singapore, Spain, Sweden, Switzerland, the Netherlands, United Kingdom, United States, Romania and Tunisia.

Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal offer their expertise for the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology and technical support, and training. Trescal operate in +80 owned calibration laboratories and employ circa 2,150 people across the world. Trescal service 29 000 customers in various sectors such as Defense, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal’s Pro Forma sales reach 212 million Euros.

LIST OF PARTICIPANTS

  • TRESCAL

    • Olivier Delrieu, Guillaume Caroit, Léonard de La Hosseraye
  • ARDIAN

    • Thibault Basquin, Yann Bak, Arnaud Tardan, Edouard Level
  • DUE DILIGENCES

    • Advisor: Beara Merger (Jean-Daniel Leclair)
    • Financial: Deloitte (Alexandre Baril)
    • Tax: Gowlings (Daniel Lacelle)
    • Legal: Gowlings (Daniel Lacelle)
  • SELLERS ADVISOR

    • Banque Nationale (Pierre Bérubé)

Press contact

ARDIAN

TOM JAMES

tjames@headlandconsultancy.co.uk

+44 207 3675 240

TRESCAL

GUILLAUME CAROIT (General Secretary)

guillaume.caroit@trescal.com

+33 (0)1 56 70 36 10

TRESCAL

CATHERINE BOURDONCLE (Communication Manager)

catherine.bourdoncle@trescal.com

+33 (0)4 42 46 99 66