Brief: Transcat Accelerates The Growth Of Its High Margin Rental Business With The Acquisition Of Axiom Test Equipment

Transcat

08/08/2023 15:02

Aug 8 (Reuters) - Transcat Inc  TRNS.O :
    * TRANSCAT ACCELERATES THE GROWTH OF ITS HIGH MARGIN RENTAL
BUSINESS WITH THE ACQUISITION OF AXIOM TEST EQUIPMENT, INC.
    * TRANSCAT INC - ACQUIRED ALL OF CAPITAL STOCK OF
PRIVATELY-HELD
AXIOM TEST EQUIPMENT, INC. ("AXIOM"), EFFECTIVE AUGUST 8, 2023
    * TRANSCAT INC - $38 MILLION PURCHASE PRICE WAS PAID IN
COMBINATION OF $28 MILLION IN COMPANY STOCK AND $10 MILLION IN
CASH

Source text for Eikon:  ID:nBw5j03lfa 
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