AMSTERDAM, THE NETHERLANDS—August 3, 2012—Element Materials Technology has secured $93.25 million of new financing to support its continued buy-and-build strategy to become the recognized leader for materials testing and inspection, product qualification testing and failure analysis—servicing primarily the Aerospace & Defense, Oil & Gas, Transportation and Power Generation industries—in the North America, Europe and Asia markets.“I’m pleased to see our growth strategy, hard work and sound financial performance validated and supported by these new funds,” said Charles Noall, President and CEO of Element. “We will remain agile in seeking new opportunities for increased capacity, innovation and capabilities for our growing list of world-class customers.”
Element is a global network of laboratories with experts specializing in materials testing, product qualification testing and failure analysis for the Aerospace & Defense, Oil & Gas, Power Generation, and Transportation sectors. Their team of 1000 scientists, engineers and technicians work in laboratories located throughout the U.S. and Europe. For complete Accreditations & Approvals and more information, please visit www.Element.com.
Alison Dwyer or Matthew Judge, Smith & Smith PR Ltd., tel: +44 161 927 9487, email: Element@smithandsmithpr.co.uk