Locus Capital Partners (Locus), a M&A advisory firm, is pleased to announce that Trescal Group, one of leading calibration solution provider in France acquired a controlling stake in Institute of Calibration & Technology (SICT), the largest Korea’s private calibration service provider in Korea to reinforce its position in the Korea’s calibration sector. Locus acted as an exclusive financial advisor to Trescal Group in this transaction.
Founded in 1999 in France, Trescal Group has rapidly expanded its business coverage in the world by acquiring various international calibration technical service providers to become a worldwide specialist in calibration service, repair offering, and calibration training and consulting. Headquartered in Paris, France, Trescal Group is located in 24 countries, covering Europe, Americas, Asia, and North Africa.
SICT is the Korea’s leading calibration service provider and a Korea Laboratory Accreditation Scheme (KOLAS) authorized calibration organization, with maximum accreditation areas in Korea of 35 medium scale categories and 358 items.
Through the bolt-on acquisition of SICT following the buyout of KTICC in December 2019, Trescal Group is targeting to further strengthen its operation in the Korean calibration market and diversify customer base.
Locus acted as an exclusive financial advisor to Trescal Group by managing and executing the entire deal process together with accounting, tax, and legal advisors.