Bernhard Schwarm, Director of M&A, DNV GL Group, comments: “Element’s proven track record in acquisitions in this space underlines its status as the acquirer of choice to develop and grow material testing laboratory businesses in the TIC sector. The company is well-placed to deliver continued growth for these laboratories, as part of Element’s global platform of materials testing laboratories.”
The DNV GL Laboratories in Germany comprise four ISO:17025/OHSAS:18001-accredited laboratories in Hamburg, Mulheim a.d.R., Herne and Stuttgart/Esslingen, employing over seventy engineers specialized in materials testing, metallurgy and failure analysis. The laboratories have a full range of technical capabilities including destructive testing, metallography, corrosion testing, scanning electron microscopy, non-destructive testing and failure analysis which are supported by well-equipped machine shop facilities, using CNC machining and EDM (wire-frame) techniques for preparation of samples within a short timeframe.
The purchase of DNV GL Laboratories Germany is expected to be completed by the beginning of October 2016 subject to the receipt of the normal German regulatory approvals for this type of transaction.
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, Oil & Gas and Transportation and Industrials sectors. Element’s team of 2,000 scientists, engineers and technicians work in 61 laboratories located throughout the U.S., Europe and Asia. For a complete list of Accreditations & Approvals and more information, please visit www.element.com.
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