Announced

Completed

Kiwa completed the acquisition of NQA from Element Materials Technology.

Synopsis

Kiwa, a quality assurance company, completed the acquisition of NQA, a provider of certification services to aerospace in the US, from Element Materials Technology, a testing, inspection, and certification services provider. Financial terms were not disclosed. “This addition of activities and investment in capabilities is an important milestone for us on both a strategic and a cultural level. To begin with, these new companies collectively provide us with deeper access and new, complementary services in targeted growth markets such as the United States and the United Kingdom as we make life safer for even more people around the world. Secondly, we welcome over 1k new, highly skilled colleagues to our global team. We have worked with some of them before, through our joint venture partnership in China, and we know they are a strong cultural fit; they already live our values in terms of delivering outstanding customer service and going the extra mile. I would also like to thank SHV as our parent company for their ongoing support and belief in our strategy and for their indispensable role during the process," Luc Leroy, Kiwa CEO.

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