On 31 October 2017, Trescal successfully completed its acquisition of Pyrometro Services Sdn Bhd, a Malaysia-based calibration service provider for an undisclosed sum.
Pickering Pacific acted as exclusive financial adviser to Trescal on this transaction.
Headquartered in France, Trescal is a global market leader in the calibration service sector. The group serves more than 35,000 customers through its 90+ laboratories and 100+ customer satellites worldwide. Trescal is co-owned by its management team and Ardian, a France-based independent private equity firm.
Pyrometro principally provides calibration service mainly for the life science sector through its four accredited laboratories in Malaysia. Pyrometro has more than 160 employees.
“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.” said Guillaume Caroit, Deputy CEO of Trescal.