Transcat Acquires All Of The Capital Stock Of Privately-Held Axiom Test Equipment For $38M
Portfolio Pulse from Benzinga Newsdesk
Transcat has acquired all of the capital stock of privately-held Axiom Test Equipment for $38 million. The purchase price was paid in a combination of $28 million in Transcat stock and $10 million in cash. Axiom is a rental provider of Electronic Test Equipment across the United States, with 26 employees and headquartered in San Diego, California.
August 08, 2023 | 12:36 pm
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Transcat's acquisition of Axiom Test Equipment could potentially expand its market reach and diversify its service offerings. The deal was partially financed through the issuance of company stock.
The acquisition of Axiom Test Equipment by Transcat could potentially expand its customer base and diversify its service offerings, which could lead to increased revenues in the future. The fact that the deal was partially financed through the issuance of company stock could dilute existing shareholders, but the potential benefits of the acquisition might outweigh this downside.
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