Transcat Expands Service Business and Geographic Reach with Acquisition of Tangent Labs
Posted: January 03, 2022
Categories: Investor Relations News
ROCHESTER, NY, January 3, 2022 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has purchased all of the stock of privately-held Tangent Labs, LLC (Tangent), effective December 31, 2021. The purchase price was $9.0 million and is subject to certain customary holdback provisions.
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