Transcat Inc, a distributor of professional grade handheld test and measurement instruments says it has acquired the Newark calibration services business. Newark will market Transcat’s calibration services to electronic design engineers, maintenance, repair and operations engineers, and industrial buyers. Newark has also contracted Transcat to provide its calibration services for its own test and measurement equipment needs. The asset purchase includes the calibration services assets of Newark’s calibration labs in Denver, Phoenix, and Nashville.
“We have completed four acquisitions in the last twelve months, three of which, including this acquisition, have expanded our calibration services segment geographic footprint,” says Transcat CEO Charles Hadeed. “We now have 17 strategically located calibration centers of excellence.
“This alliance fits well with our strategy to provide a comprehensive offering of components, design tools, software and services to our growing electronic design engineering customer base, as well as serving the needs of our maintenance, repair and operations engineer customers,” says Newark President Gert Labuschagne. Transcat paid $3.0 million in cash for the acquisition.
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