Ambitious Element Materials Technology acquires Exova

This latest acquisition by Element follows a period of significant growth for the business, helping it to become the fastest growing independent materials testing and product qualification company in the world.

It is expected that the combined group will deliver in excess of $700m in annual revenues and serve more than 40,000 customers worldwide.

Element will continue under the leadership of CEO and President Charles Noall, alongside an Executive Team formed from senior management from both companies.

Noall commented: “We have a clear strategy for growth and this acquisition is a major milestone for Element. Our ambition is to enhance our ability to support customers across their worldwide programmes. With more laboratories and even greater technical strength, our combined company has the scale, capacity and expertise to service the increasingly diverse needs of our clients. The combined group is the leading testing provider in the global aerospace and oil and gas sectors, a market leader in European fire and building safety and the US transportation and automotive testing market. Our focus will be to maintain these positions as well as explore the many new market opportunities now open to us.”

He added: “Having already acquired a total of 17 businesses in recent years, we are very experienced in implementing procedures and processes in bringing businesses and people together. A programme of integration and strategic brand alignment is already underway with the aim of continuing to deliver best practice while introducing our new colleagues into the Element community.

Our guiding principle is to continue to be the best and most trusted testing partner in all of the sectors we serve”.