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TRESCAL

Acquired by

OMERS

FRANCE Industrial Services EV [500m EUR - 1b EUR] 11/2017

Target

TRESCAL

Acquirer

OMERS

Context

Omers acquired a majority stake in Trescal from Ardian (who had held the asset since 2013).Omers successfully pre-empted a formal auction process—which was expected to attract heavyweights like PAI, Wendel, and Cinven—by moving quickly and submitting a fully financed, binding offer after a limited due diligence period. This move allowed them to secure the asset before a bidding war commenced.

TRESCAL, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 11.1x average currently observed in the Business Services sector.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Trescal is a global specialist in metrology and calibration services. Originally a spin-off from Air Liquide (2007), the company has grown into an international powerhouse under the leadership of CEO Olivier Delrieu. Trescal provides calibration, repair, and maintenance services for test and measurement equipment across diverse sectors including Aerospace, Defense, Pharmaceuticals, Telecoms, and Automotive. Operating a network of over 110 laboratories worldwide, the group serves a client base that requires high-precision certification.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
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2016
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2015
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Other operations with TRESCAL

DateAcquirerTargetCountrySectorDeal Context
11/2007ASTORGTRESCALFRANCETIC (Testing, Inspection, Certification)

Air Liquide sold the majority of its metrology subsidiary to Astorg Partners and the management team. Air Liquide retained a 15% minority stake to support the transition. The transaction valued the company at an Enterprise Value of just EUR25 million.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.