Trescal has announced the acquisition of Pyrometro Services S.B. (Pyrometro), a calibration services provider based in Malaysia. This first step in Malaysia expands Trescal’s geographical footprint and technical coverage in South East Asia. This acquisition has been completed with the support of Ardian, its majority shareholder.
Founded in 1992 in Kuala Lumpur, Pyrometro is a Malaysian one-stop-shop calibration company comprising four accredited laboratories all across the country, with strong capabilities in electrical (electro-magnetism), torque, hardness and temperature domains. Pyrometro employs 168 people, generates a turnover of 15 million Malaysian Ringgit (~€3m) and is mostly active in the Life Sciences sector.
Guillaume Caroit, Trescal deputy CEO, said: “We are delighted to continue our Asian external growth strategy with Pyrometro and its excellent management team, Mrs. Cindy Tan and Mr. Teo. They will stay on board to accompany our development in Malaysia. Our ambition is to reach €40m to €50m sales in Asia by 2022 through organic growth and acquisitions.”
This acquisition is the twenty-third acquisition since the change of ownership to Ardian in July 2013.