Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, has acquired substantially all of the assets of e2b Calibration, effective September 27, 2022. The purchase price of this transaction was $3.15 million and was also paid in cash.
e2b Calibration, an ISO/IEC 17025 accredited calibration service provider, was founded in Cleveland, Ohio in 2003 and moved into a new state-of-the-art facility in 2021. e2b provides a broad range of calibration services across multiple industries and is a national leader in the maintenance, calibration and repair of Ground Support Equipment utilized by the aviation industry.
“We are also excited to announce the acquisition of Cleveland, Ohio based e2b Calibration," commented Lee Rudow, President and Chief Executive Officer. "e2b is a proven industry leader in calibration services related to the aviation industry, with particular strength in avionics. We believe that we can leverage Transcat’s current infrastructure and significant geographic footprint to further accelerate the growth in e2b’s capabilities across the U.S and Canada. In addition, there is an attractive life sciences market in the greater Cleveland area, which we are now nicely positioned to capitalize on.”