Transcat, Inc. (TRNS) Acquires Newark's Calibration Services Business
9/8/2011 10:23:06 AM
ROCHESTER, N.Y.--(BUSINESS WIRE)--Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and other measurement services, announced today that it has acquired the calibration services business from Newark, a subsidiary of Premier Farnell, PLC (LSE: PFL.L), and entered into a strategic alliance whereby Newark will market Transcat’s calibration services to its broad customer base of electronic design engineers, maintenance, repair and operations engineers, and industrial buyers. Newark has also contracted for Transcat to provide its calibration services for its own test and measurement equipment distribution needs. The asset purchase includes the calibration services assets of Newark’s calibration labs in Aurora, CO (Denver), Chandler, AZ (Phoenix) and Hendersonville, TN (Nashville).