M&A Deal Summary

Exova Group Acquires Defiance Testing & Engineering Services

On October 1, 2013, Exova Group acquired test/measurement equipment company Defiance Testing & Engineering Services from Ashok Leyland

Acquisition Highlights
  • This is Exova Group’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Exova Group’s 1st transaction in the United States.
  • This is Exova Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2013-10-01
Target Defiance Testing & Engineering Services
Sector Test/Measurement Equipment
Buyer(s) Exova Group
Sellers(s) Ashok Leyland
Deal Type Divestiture

Target

Defiance Testing & Engineering Services

Troy, Michigan, United States
Defiance Testing & Engineering Services, Inc. is a provider of testing and engineering services to manufacturers and suppliers in the passenger car, light truck, bus and military vehicle sectors. Its range of capabilities also includes component and system testing, fatigue and durability validation, system simulation, and full vehicle structural testing.

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Buyer(S) 1

Buyer

Exova Group

London, United Kingdom
Category Company
Founded 1965
Sector Engineering
Employees3,500
Revenue 329M GBP (2016)
DESCRIPTION

Exova Group Ltd. is a provider of technical and engineering services to the aerospace, energy, oil and gas, civil engineering, transportation, fire, pharmaceutical, environmental, food and consumer products industries. Exova’s services include quality control, product accreditation, and specification compliance mission critical to its customers.

DEAL STATS #
Overall 1 of 11
Sector (Test/Measurement Equipment) 1 of 5
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Catalyst Environmental

Stockport, United Kingdom

Catalyst Environmental Ltd. is a stack emissions testing specialist.

Buy -

Seller(S) 1

SELLER

Ashok Leyland

Chennai, India
Category Company
Founded 1948
Sector Automotive
Employees9,607
Revenue 456.0B INR (2024)
DESCRIPTION

Ashok Leyland is an automobile manufacturing company. Ashok Leyland was founded in 1948 and is based in Chennai, India.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Defiance Testing & Engineering Services

Troy, Michigan, United States

Defiance Testing & Engineering Services, Inc. is a provider of testing and engineering services to manufacturers and suppliers in the passenger car, light truck, bus and military vehicle sectors. Its range of capabilities also includes component and system testing, fatigue and durability validation, system simulation, and full vehicle structural testing.

Buy -
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