Element Materials Technology Group has acquired 100% of National Technical Systems (NTS) from the middle-market private equity firm Aurora Capital Partners. This transaction follows the acquisition of Element by Temasek earlier in 2020 and represents a major strategic move to consolidate the North American TIC market. Under Aurora’s ownership since 2019, NTS underwent an active add-on acquisition program that expanded its geographic breadth and service suite. The strategic rationale for Element is to gain immediate scale and complementary sector knowledge in the United States, particularly in the space, defense, and power sectors. By integrating NTS’s 29 laboratories, Element significantly enhances its "connected technologies" portfolio and its ability to serve more than 50,000 customers worldwide. To support the increased demand following the combination, Element announced plans to hire 1,000 new employees over the next two years.

Temasek has acquired a majority stake in Element Materials Technology from the private equity firm Bridgepoint. This landmark transaction marks the end of a highly successful six-year partnership with Bridgepoint, during which Element achieved a ten-fold increase in turnover and integrated numerous strategic acquisitions, including the major purchase of Exova in 2017. The strategic rationale for Temasek is to accelerate Element’s growth in high-barrier end-markets like life sciences and connected technologies, while leveraging the Group’s top-tier ESG credentials to support global decarbonization journeys. Following the deal, Element immediately pursued further expansion, including the acquisition of US-based National Technical Systems (NTS).

Element Materials Technology has completed the acquisition of Exova Group PLC, joining two of the world's leading testing companies to create a single global TIC powerhouse. The deal was won following a competitive process involving other major bidders, including PAI Partners and Jacobs Holding AG. The strategic rationale for the deal is to achieve massive global scale, combining technical expertise to become the leader in global aerospace, oil and gas, and fire safety testing. The combined group expects to generate annual revenues in excess of $700 million and employs over 6,200 people. To support the acquisition, Element successfully raised $1.4 billion in first and second lien term debt, which was 4x oversubscribed, demonstrating strong lender confidence in the combined group's cash-flow potential and market-leading position.