Transcat Acquires Martin Calibration Inc.’s 7 Labs, Expanding Midwest Service Presence, Including Minneapolis
Transcat, Inc. (TRNS)
Last transcat, inc. earnings: 2/4 04:15 pm
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Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it has acquired privately-held Martin Calibration Inc. (Martin), effective December 10, 2024. The $79 million purchase price was paid in combination of $69 million in cash and $10 million in Company stock and is subject to certain customary adjustment and holdback provisions.Martin, an ISO-17025 Accredited calibration laboratory network, has been a Midwest leader in the metrology business for almost 35 years, with more than $25 million dollars of revenue. With its flagship Minneapolis lab, Martin has six additional labs in or near Chicago, Milwaukee, Eau Claire, Tempe, and Los Angeles. Martin serves customers in the highly regulated Medical, Life Science, Aerospa
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News
- Transcat, Inc. (NASDAQ: TRNS) had its price target raised by analysts at Craig Hallum from $113.00 to $125.00. They now have a "buy" rating on the stock.MarketBeat
- Transcat, Inc.'s (NASDAQ:TRNS) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? [Yahoo! Finance]Yahoo! Finance
- Transcat Acquires Martin Calibration Inc.'s 7 Labs, Expanding Midwest Service Presence, Including Minneapolis [Yahoo! Finance]Yahoo! Finance
- Spotting Winners: Transcat (NASDAQ:TRNS) And Maintenance and Repair Distributors Stocks In Q3 [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put Transcat (NASDAQ:TRNS) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
TRNS
Earnings
- 10/28/24 - Beat
TRNS
Sec Filings
- 12/23/24 - Form 8-K
- 12/10/24 - Form 8-K
- 11/14/24 - Form SC
- TRNS's page on the SEC website