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New Deal


Announced

Completed

Element Materials Technology completed the acquisition of AIRCOM Labs from TEOCO.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

testing services

Completed

Cross Border

Business Process Outsourcing

Friendly

Majority

Private

United States

Test Inspection and Certification (TIC)

Synopsis

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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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