Transcat (TRNS) said Tuesday it has purchased Martin Calibration for $79 million, consisting of $69 million in cash and $10 million in company stock.
Martin, which is a calibration laboratory network with more than $25 million in revenue, operates seven labs across the Midwest and serves customers in the medical, life science, aerospace and nuclear sectors, the company said.
Shares of Transcat were up 0.4% in recent Tuesday trading.
Price: 103.87, Change: +0.43, Percent Change: +0.41
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