Transcat Acquires Axiom Test Equipment, Inc.
August 8, 2023
Transcat, Inc. acquired all of the capital stock of Axiom Test Equipment, Inc., an electronic test equipment rental and repair provider, effective August 8, 2023. The $38 million purchase was paid with $28 million in Transcat stock and $10 million in cash; Axiom will remain led by its existing management and will be integrated into Transcat's Distribution and Rental business to expand rental capabilities and cross-selling into Transcat's services.
- Buyers
- Transcat, Inc.
- Targets
- Axiom Test Equipment, Inc.
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Buyout
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