New Materials Logo
Editor's Blog and Industry Comments
New Materials Blog
Lord of the Recycled Rings: –1,200 platinum rings made from obsolete pharmaceuticals
06 November, 2016
An unique pair of platinum rings has been made entirely from the precious metal recovered from obsolete pharmaceuticals. The recycled jewellery, each weighing around 4.5g, are 100% pure platinum and have a retail value of around
Vertical seperator
New Materials Blog
Peruvian rare earth element discovery could reduce critical dependence on Chinese sources
04 January, 2016
RioSol SAC LLC and Compania Minera Rio Sol SAC have announced a significant rare earth element and poly-metallic claim discovery in Peru, with reports indicating the 10kme claim as among the largest rare earth claims in Peru containing both light
New Materials RSSRss Feed.
New Materials Facebook
New Materials Twitter
Free Newsletter
Register for our Free Newsletters
Advanced Composites
Amorphous Metal Structures
Analysis and Simulation
Asbestos and Substitutes
Associations, Research Organisations and Universities
Automation Equipment
Building Materials
Bulk Handling and Storage
CFCs and Substitutes
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone

Element Materials Technology Completes Acquisition of DNV GL's German Material Testing Laboratories

Element Materials Technology : 06 November, 2016  (Company News)
Element Materials Technology has completed the acquisition of DNV GL’s German materials testing laboratories, further strengthening its European materials testing presence. In September 2016, Element announced that it had entered into a binding agreement with DNV GL subject to obtaining German regulatory approvals which have now been secured.

The DNV GL Laboratories in Germany comprise four ISO:17025/OHSAS:18001-accredited laboratories in Hamburg, Muelheim a.d.R., Herne and Stuttgart/Esslingen, employing over seventy engineers specialized in materials testing, metallurgy and failure analysis. 

Charles Noall, President and CEO of Element, says: ‘’The acquisition of DNV GL’s four German testing laboratories is a hugely important step towards our goal to become the recognized global market leader for materials testing and product qualification testing services. As our recent performance has shown, we have the financial and operational strength to make acquisitions of this scale, as well as a strong track record of integrating and immediately growing these types of business.’’

This is Element’s second acquisition of the year and it follows the Group’s successful $435 million debt restructure and the securing of a new US$95 million capex facility to fund future acquisitions.  Also in October, Element was recognized as one of Britain’s leading mid-market private companies in the Sunday Times Grant Thornton Top Track 250 league table and was awarded “2016 Exit of the Year”, together with its previous investor 3i, at the annual British Private Equity awards. 

This latest acquisition significantly expands Element’s current European footprint to 16 laboratories, adding to the company’s existing German laboratories located in Herne and Berlin and takes the group’s number of Engaged Experts to over 2000.

Bookmark and Share
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
   © 2012
Netgains Logo