OMERS Private Equity to buy Ardian's Trescal in $787 mln deal

OMERS Private Equity (OPE) has agreed to acquire a majority stake in Trescal SA, a Paris-based provider of calibration services for the test and measuring equipment market. The deal, which values the company at about €670 million (US$787 million), will see OPE partner with senior management led by CEO Olivier Delrieu. The seller is European private equity firm Ardian, which acquired Trescal in 2013. Established in 1956, Trescal operates across more than 110 sites in 22 countries and serves more than 40,000 customers in a range of industries. OPE is the private equity arm of the Ontario Municipal Employees Retirement System (OMERS).

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