A distributor of handheld test and measurement instruments and provider of calibration, repair, and weighing system services, says the company may acquire wind energy tool kit manufacturer Wind Turbine Tools, Inc.
Wind Turbine Tools Inc. founder Jim Daugherty says the combination of the companies will provide customers with a distributor of torque tools and test and measurement instrumentation, and access to a network of accredited calibration labs.
The acquisition is expected to be an all cash transaction and is subject to several contingencies, including satisfactory due diligence by Transcat and the execution and closing of a definitive agreement. The terms of the transaction were not disclosed.
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