AMSTERDAM, THE NETHERLANDS – February 5, 2014 – Element Materials Technology has ended a landmark year as one the fastest-growing independent materials and product qualification testing businesses in the world. 2013 saw the company acquire one of the largest testing groups in the US, Sherry Laboratories. In total, Element’s acquisition investments in 2013 stood at over $45 million. 2014 has started strongly with the acquisition of GEVA in Berlin, one of Germany’s most well-respected independent Aerospace product qualification testing laboratories.
During the year, Element’s international platform of laboratories grew to 40, while the number of Engaged Experts employed by the company now stands at close to 1,500, representing overall growth for Element of over 50 percent year-on-year.
Acquisitions have been supported by strong organic growth figures and internal investment, with the Group building a number of new facilities in both the US and Europe as well as investing significantly behind new technology to support the growth of Elements’ customers.
Charles Noall, President and CEO of Element Materials Technology, says: “2013 has represented another very successful year for Element. Not only has the company grown in size to become the US’s largest independent materials testing group , but the investments and integration of laboratories acquired in the previous year have further broadened the range of capabilities that Element offers its clients.
“Additionally, the growing knowledge base of our Engaged Experts serves to continually advance our reputation for innovation and dependability within core markets, such as the Aerospace & Defense and Oil & Gas industries. The company is at the heart of the materials and product qualification testing industry in the US and Europe, providing the foundation for our drive to become the globally recognized market leader,” Noall concludes.
About Element:Element is a company with a global presence; its laboratories are staffed by experts specializing in materials testing, product qualification testing and failure analysis for the Aerospace & Defense, Oil & Gas and Transportation sectors. Element’s team of 1,450 scientists, engineers and technicians work in 41 laboratories located throughout the U.S. and Europe. For complete Accreditations & Approvals and more information, please visit www.element.com.
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“The company is at the heart of the materials and product qualification testing industry in the US and Europe, providing the foundation for our drive to become the globally recognized market leader.”
President & CEO