Element Materials Technology has announced the completion of its acquisition of Exova PLC. ‘This transaction joins together two of the world’s leading testing companies to create a single global testing organization,’ the company said.
The combined company now has more than 6,200 employees and will operate in the future as Element Materials Technology. The new Element Group will consist of 200 laboratories located in more than 30 countries. It is expected that the combined group will deliver in excess of US$700 million in annual revenues and serve more than 40,000 customers worldwide.
Element will continue under the leadership of CEO and President Charles Noall, alongside an Executive Team formed from senior management from both companies.
‘We have a clear strategy for growth and this acquisition is a major milestone for Element,’ said Noall. ‘Our ambition is to enhance our ability to support customers across their worldwide programmes. With more laboratories and even greater technical strength, our combined company has the scale, capacity and expertise to service the increasingly diverse needs of our clients.’
This story is reprinted from material from Element, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
