Transcat, Inc. Accelerates Operational Excellence Initiatives with Acquisition of Calibration Software Company
CalTree™ software to be important piece of company-wide calibration automation platform expected to drive greater Service segment efficiencies and enhanced margins
ROCHESTER, NY, July 22, 2019 – 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 acquired Infinite Integral Solutions Inc. (“IIS”), effective July 19, 2019. IIS, headquartered in Mississauga, Ontario, Canada, is the owner and developer of the CalTree™ suite of software solutions for the automation of calibration procedures and datasheet generation. Total consideration for the shares of IIS was C$1.4 million, subject in part to the achievement of certain milestones.