Transcat Inc. has acquired Dispersion Laboratory Inc.—a Montreal-based firm that specializes in services for the calibration, repair and product sales of weights, balances, temperature instruments and liquid handling devices, according to officials.
Financial terms of the deal, which was effective Monday and announced Tuesday afternoon, were not disclosed.
Dispersion serves Quebec, Ontario, Manitoba and British Columbia regions, which enables Transcat Canada Inc.—a wholly owned subsidiary of Transcat Inc.—to further expand its reach up North, officials said. Dispersion’s co-founders Pierre Trepanier and Francois Auclair will transition to Transcat.
“Dispersion is an excellent strategic fit for Transcat, aligning well with our strategy to grow in highly regulated industries, primarily the life sciences,” said Lee Rudow, president and CEO of Transcat in a statement. “We are also gaining the only laboratory in Canada offering automated mass calibrations under robotic control, enabling us to offer the highest level of quality and precision, which is highly valued by the life sciences and pharmaceutical industries.”
Two other Canadian-based firms— Cal-Matrix Metrology Inc. and Ulrich Metrology Inc.—were acquired by Transcat in the past three years.
Transcat stock (Nasdaq: TRNS) was trading at $9.06 a share Wednesday afternoon, down a little over 2 percent from Tuesday’s close of $9.25.
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