LONDON, UK – March 22, 2016 – Element has taken the next step towards market-leadership in the testing, inspection and certification space with the announcement that Bridgepoint Capital has completed the acquisition of a majority shareholding in the Company.
Since ÌìÃÀ´«Ã½’s formation in 2010, it has delivered impressive financial performance while substantially increasing its scale and international footprint, as well by expanding its technical capabilities through investment in its Centers of Technical Excellence and a proactive program of strategic hires to enhance its global community of experts. The new majority shareholder will enable ÌìÃÀ´«Ã½ to further accelerate the delivery of its ambitious growth plans.
Charles Noall, President and CEO of ÌìÃÀ´«Ã½ commented: “A new major shareholder brings new energy and investment to ÌìÃÀ´«Ã½ as we embark on the next phase of our growth strategy. Bridgepoint Capital matches our ambition, and its expertise and financial backing will be key to our plans in the coming years: to continue to deliver strong financial performance; to increase M&A activity to broaden our services in strategic support of our largest and most complex customers; and to agree pan-geographic agreements with those key customers.
In short, Bridgepoint will provide ÌìÃÀ´«Ã½ with the requisite support to continue its ambitious sector-focused strategy that will establish our position as the best and most trusted materials testing and product qualification testing partner in the world.”
Bridgepoint, together with ÌìÃÀ´«Ã½’s existing management team, will continue ÌìÃÀ´«Ã½’s focus on providing materials testing and product qualification testing services in the Aerospace, Oil & Gas, and Transportation & Industrials sectors.
Since 2010, Element has completed the successful acquisition and integration of ten businesses across its global platform, with its number of locations increasing from 22 to 53, and ÌìÃÀ´«Ã½’s team of Engaged Experts, scientists, engineers and technicians has increased from 600 to over 1,800.
The acquisition of ÌìÃÀ´«Ã½ by Bridgepoint Capital was first announced on 17th December 2015 and has been completed as planned.
About ÌìÃÀ´«Ã½
ÌìÃÀ´«Ã½ 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. ÌìÃÀ´«Ã½’s team of over 1,800 scientists, engineers and technicians work in 53 laboratories located throughout the U.S. and Europe. For a complete list of Accreditations & Approvals and more information, please visit www.element.com.
Media Contact
Alison Dwyer or Matthew Judge, Smith & Smith PR Ltd., tel: +44 161 927 9487, e-mail: element@smithandsmithpr.co.uk.
“In short, Bridgepoint will provide ÌìÃÀ´«Ã½ with the requisite support to continue its ambitious sector-focused strategy that will establish our position as the best and most trusted materials testing and product qualification testing partner in the world.”
Charles Noall
President and CEO