OMERS buy­ing ma­jor­ity stake in cal­i­bra­tion ser­vices firm

The Telegram (St. John’s) - - BUSINESS -

TORONTO - The pri­vate eq­uity in­vest­ment arm of the OMERS pen­sion plan has signed a deal to ac­quire a ma­jor­ity stake in cal­i­bra­tion ser­vices com­pany Trescal.

The deal with in­vest­ment firm Ar­dian values Trescal at roughly $1 bil­lion.

The com­pa­nies said in a state­ment that the pro­posed deal will see the se­nior man­age­ment make an eq­uity re-in­vest­ment into Trescal along­side OMERS Pri­vate Eq­uity. Based in Paris, Trescal has more than 3,000 em­ploy­ees in 22 coun­tries around the world. Its ser­vices in­clude cal­i­bra­tion and the re­pair and main­te­nance of test and mea­sure­ment equip­ment.

OMERS Pri­vate Eq­uity says it will help de­velop Trescal’s ser­vice ca­pa­bil­ity and make strate­gic ac­qui­si­tions.

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