TRNS » Topics » ACQUISITIONS

These excerpts taken from the TRNS 10-K filed Jun 24, 2009.
ACQUISITIONS
 
On August 14, 2008, we acquired Westcon, Inc. (“Westcon”), a test and measurement instruments distributor and calibration services provider based in Portland, Oregon.
 
Prior to the acquisition, Westcon distributed over 60 product lines of high quality test and measurement instruments and offered a full range of calibration services to approximately 1,800 customers, primarily located in the western United States. Westcon has been providing accredited calibration and repair services in a variety of disciplines including electrical, temperature, pressure and torque to its customers for over 25 years and meets ISO/IEC 17025 accreditation standards.
 
Our acquisition of Westcon established a west coast distribution center that enables us to provide faster service to a broader base of potential customers while adding a full-service calibration operation that geographically complements and expands our nationwide network of laboratories. Westcon has and will continue to serve the wind energy industry, which we see as a high-growth target market that fits well within our energy market focus.


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With 30 employees, Westcon had approximately $9.6 million in revenue from both product sales and calibration services for its fiscal year ended June 30, 2008. The aggregate purchase price was approximately $6.9 million, which we paid in a combination of cash and the issuance of Transcat common stock.
 
ACQUISITIONS


 



On August 14, 2008, we acquired Westcon, Inc.
(“Westcon”), a test and measurement instruments
distributor and calibration services provider based in Portland,
Oregon.


 



Prior to the acquisition, Westcon distributed over 60 product
lines of high quality test and measurement instruments and
offered a full range of calibration services to approximately
1,800 customers, primarily located in the western United States.
Westcon has been providing accredited calibration and repair
services in a variety of disciplines including electrical,
temperature, pressure and torque to its customers for over
25 years and meets ISO/IEC 17025 accreditation standards.


 



Our acquisition of Westcon established a west coast distribution
center that enables us to provide faster service to a broader
base of potential customers while adding a full-service
calibration operation that geographically complements and
expands our nationwide network of laboratories. Westcon has and
will continue to serve the wind energy industry, which we see as
a high-growth target market that fits well within our energy
market focus.





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Table of Contents






With 30 employees, Westcon had approximately
$9.6 million in revenue from both product sales and
calibration services for its fiscal year ended June 30,
2008. The aggregate purchase price was approximately
$6.9 million, which we paid in a combination of cash and
the issuance of Transcat common stock.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jun 24, 2009

RELATED TOPICS for TRNS:

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