Element completes Exova acquisition

Eleanor Steed
By Eleanor Steed July 4, 2017 14:32

Element completes Exova acquisition

Element Materials Technology has completed its acquisition of Exova. This transaction joins together two of the world’s leading testing companies to create a single global testing organization.

The combined company, which is majority owned by Bridgepoint, an international private equity firm, now has more than 6,200 employees and will operate in the future as Element Materials Technology. The new Element Group will consist of 200 laboratories located in more than 30 countries.

This latest acquisition by Element follows a period of significant growth for the business, helping it to become the fastest growing independent materials testing and product qualification company in the world.

It is expected that the combined group will deliver in excess of $700m in annual revenues and serve more than 40,000 customers worldwide.

Element will continue under the leadership of CEO and President Charles Noall, alongside an Executive Team formed from senior management from both companies.

Eleanor Steed
By Eleanor Steed July 4, 2017 14:32