Announced
Completed
Financials
Tags
Single Bidder
Acquisition
testing services
Completed
Cross Border
Business Process Outsourcing
Friendly
Majority
Private
United States
Test Inspection and Certification (TIC)
Synopsis
Element Materials Technology, a provider of testing, inspection and certification services, completed the acquisition of AIRCOM Labs, a provider of device testing services for device manufacturers, communication service providers and regulators, from TEOCO, a provider of analytics, assurance and optimization solutions. Financial terms were not disclosed. “I am delighted to welcome AIRCOM Labs to the Element Group. AIRCOM Labs’ strategic position as sole testing provider approved by all major US carriers is a perfect fit for the Group’s growth plans for our connected technologies business. This acquisition significantly strengthens our relationships with existing mobile device manufacturing clients in North America, and extends our global capabilities for our customers," Jo Wetz, Element CEO.
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