Welcome to our dedicated page for Transcat news (Ticker: TRNS), a resource for investors and traders seeking the latest updates and insights on Transcat stock.
Transcat Inc (TRNS) provides essential calibration services and compliance solutions for life sciences, pharmaceutical, and industrial sectors. This news hub offers investors and industry professionals direct access to official corporate announcements and strategic developments.
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Key content areas cover FDA-related compliance updates, ISO/IEC 17025 accreditation developments, distribution partnerships, and operational enhancements across Transcat's North American service centers. All materials maintain strict adherence to factual reporting standards.
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Transcat, Inc. (Nasdaq: TRNS) has acquired all capital stock of TIC-MS, Inc. for $9.7 million, effective March 27, 2023. The transaction consists of 70% stock and 30% cash, with customary holdback provisions. TIC-MS, an ISO/IEC 17025 accredited calibration lab founded in 1986, specializes in physical dimensional and electronics calibrations. This acquisition enhances Transcat's market presence and operational synergies, particularly in St. Louis, more than doubling its local footprint. Existing TIC-MS leadership will remain in place, ensuring continuity in servicing a diverse customer base.