Transcat accelerates the growth of its high margin rental business with the acquisition of axiom test equipment, inc.

Rochester, n.y.--(business wire)--transcat, inc. (nasdaq: trns) (“transcat” or the “company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has acquired all of the capital stock of privately-held axiom test equipment, inc. (“axiom”), effective august 8, 2023. the $38 million purchase price was paid in combination of $28 milli.
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