Transcat Acquires Angel’s Instrumentation Inc.
Last transcat, inc. earnings: 2/4 04:15 pm
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US:NASDAQ Investor Relations: transcat.com/investor-relations
Acquisition expands geographic presence to Virginia and broadens industrial on-site calibration capabilities ROCHESTER, N.Y.--(BUSINESS WIRE)-- Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has acquired substantially all of the assets of Angel’s Instrumentation Inc. (“Angel’s Instrumentation” or "AI"), effective August 31, 2018. The purchase price was $4.7 million and is subject to certain customary holdback provisions. Established in 2000, AI provides in-house and on-site calibrations nationally to the manufacturing and maritime industries from its Chesapeake, Virginia calibration laboratory. With approximately $4 million in annual revenue, AI’s comprehens
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