Transcat To Acquire Wind Turbine Tools

Transcat, a distributor of professional-grade handheld test and measurement instruments and a provider of calibration, repair and weighing system services, has entered into a nonbinding letter of intent to acquire substantially all of the assets of Wind Turbine Tools Inc. and affiliated entities.

Wind Turbine Tools is a provider of product tool kits, technical assistance, torque calibration and hydraulic services.

The acquisition is expected to be an all-cash transaction and is subject to several contingencies, including due diligence by Transcat and the execution and closing of a definitive agreement. The terms of the transaction were not disclosed.

SOURCE: Transcat


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