Thursday, July 21, 2011
National Technical Systems Buys Testing Firm
Calabasas-based National Technical Systems, the provider of testing and engineering services, said today that it has acquired Ingenium Testing. Ingenium Testing is a provider of product compliance and engineering services, based in Rockford, Illinois. The deal was worth $12.5M in cash plus potential earnout. NTS--which is publicly held--said the acquisition as funded via a $14M, private placement of debt and equity with Mill Road Capital, completed the last week of June.