Ardian backs Trescal's buy of Montréal's Primo Instrument
French calibration specialist Trescal has acquired Primo Instrument, a supplier of test and measurement equipment based in Montréal. No financial terms were disclosed. The transaction was completed with the support of Trescal's majority investor, Ardian, a European private equity firm. Trescal, which operates in 16 countries, said the deal expands its footprint to Canada, where the company has a large number of aeronautics and space customers. Primo’s founders will continue to lead the post-acquisition company. Ardian bought Trescal from 3i Group and TCR Capital in July 2013.
8 January 2016•2 mins read
