Astorg Partners
 
INVESTMENTS
 

Trescal
Trescal
  • Investment date : November 2007
  • Transaction size (Enterprise Value) : <100€m
  • Industry : Professional Services
  • Activity : Metrology services
  • Previous Majority Shareholder : Large Corporation
  • Status : In portfolio
  • Fund : Astorg III
Trescal in short
Trescal is a former division of Air Liquide that was spun off after being built through successive acquisitions since 1999. It is the European leader for metrology services (checking, calibrating, repairs, preventive and corrective maintenance, management of equipment parks of measuring devices…).

Trescal has more than 40 laboratories and over 850 salaried employees throughout Europe (France, Germany, Belgium, Denmark, Spain, Italy, Netherlands, Tcheck Republic, Romania, UK and Sweden). It services 20,000 customers mainly in the electronics, aerospace, defense and automotive sectors.

The Trescal opportunity as seen by Astorg Partners
• European leader in metrology services, with the largest laboratory network in Europe, a true technical and logistics know how and long term relations with large industrial customers.

• Company with high strategic value, protected by high entry barriers: network of laboratories, authorized supplier of a large number of companies, technical know-how shared by teams of very experienced technicians, high switching costs for the existing customers.

• Numerous external growth opportunities in Europe.

• Spin-off of a nonstrategic subsidiary from a large corporation, with a strong optimization potential, especially in terms of operating profitability and cash management.

 Trescal
« We are very pleased to be backed by Astorg. Now we will have the means to boost our growth strategy and follow our customers in new territories with new services. »
Olivier Delrieu, chairman of Trescal

More information on Trescal
http://www.trescal.fr/

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