
PE-backed Trescal acquires Antech Engineering
3i and TCR Capital portfolio company Trescal has acquired Antech Engineering, a UK-based provider of pressure, temperature and flow measurements services.
3i and TCR didn't inject any new equity to finance the transaction. This is the second bolt-on operation for Trescal since 3i and TCR backed its buyout in 2010, following on the acquisition of US-based measurement services company Dynamic Technology earlier this year.
3i and TCR Capital acquired Trescal in September from Astorg Partners, in a deal that valued the company at €110m.
Headquartered in Rungis, Trescal provides calibration, equipment management and IT solutions to 20,000 clients in the telecommunications, automotive, defence, electronics, aerospace, energy, medical and chemical sectors. The firm employs 1,400 people across 57 laboratories located in 13 European countries. It posted a €108m turnover for 2010.
Operating across two laboratories in the UK, Antech Engineering generates a £2.5m turnover and employs 35 staff.
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