M&A Deal Summary

Element Materials Technology Acquires Singapore Test Services

On August 12, 2022, Element Materials Technology acquired business services company Singapore Test Services from ST Engineering

Acquisition Highlights
  • This is Element Materials Technology’s 6th transaction in the Business Services sector.
  • This is Element Materials Technology’s 2nd transaction in Singapore.

M&A Deal Summary

Date 2022-08-12
Target Singapore Test Services
Sector Business Services
Buyer(s) Element Materials Technology
Sellers(s) ST Engineering
Deal Type Divestiture

Target

Singapore Test Services

Singapore, Singapore
Singapore Test Services is a provider of materials testing, chemical and environmental testing, calibration and certification. Singapore Test Services is based in Singapore.

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Buyer(S) 1

Buyer

Element Materials Technology

London, United Kingdom

Category Company
Founded 2011
Sector Test/Measurement Equipment
DESCRIPTION

Element Materials Technology is a provider of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains where failure in use is not an option. The company's scientists, engineers, and technologists, working in our global network of over 200 laboratories, support customers from early R&D, through complex regulatory approvals, and into production ensuring their products are safe and sustainable, and achieve market access. Element Materials Technology was formed in 2011 and is based in London.


DEAL STATS #
Overall 34 of 38
Sector (Business Services) 6 of 8
Type (Divestiture) 6 of 7
Country (Singapore) 2 of 2
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Trialon

Burton, Michigan, United States

Trialon is a provider of test engineering and technical staffing services to the automotive and other manufacturing industries. Testing services include environmental, corrosion, vibration, and electromagnetic and radiation. Trialon was founded in 1982 and is based in Burton, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 NTS

Anaheim, California, United States

NTS is a provider of product qualification testing, inspection, and certification services in North America. NTS serves the full range of performance-critical industries, including the civil aviation, space, defense, nuclear, telecommunications, and medical end markets. NTS was founded in 1961 and is based in Anaheim, California.

Buy -

Seller(S) 1

SELLER

ST Engineering

Singapore, Singapore

Category Company
Founded 1967
Sector Manufacturing
Employees22,494
Revenue 10.1B SGD (2023)
DESCRIPTION

ST Engineering provides shipbuilding and ship repair, having successfully delivered numerous turnkey solutions for naval and commercial vessels, as well as high engineering content repair and conversion services, leveraging advanced technologies like 3D modelling and digitalisation to enhance operational efficiency and meet complex customer needs. ST Engineering was founded in 1967 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Newtec

Sint-Niklaas, Belgium

Newtec is a technology provider in the satellite broadcast segment with unique ultra-high throughput capabilities and a strong presence in the European satcom market. It has a range of cost-effective consumer satellite terminals, and industry-leading bandwidth efficiency technology.

Buy €250M