LONDON, UK – January 16, 2017 – Å·ÃÀÊìÅ®ÂÒÂ× has today announced that it has entered into a binding agreement to purchase TEAMS (Testing and Engineering of Aeronautical Materials and Structures) S.L. in Seville, Spain further strengthening its position in the European Aerospace materials testing sector.
A spin-off of the University of Seville, TEAMS S.L. is a Nadcap accredited, specialist provider of Destructive and Non Destructive materials and component testing services. Located at the Aerospace Technology Park of Andalusia, Aerópolis, in the epicentre of the Andalusian aerospace industry, TEAMS is one of the few laboratories in Europe with the capacity and approval to carry out testing of major components for the aerospace sector and is a Tier 1 supplier to Airbus.
Charles Noall, President and CEO of Element, says: “We are delighted to have signed this agreement to acquire TEAMS S.L., our first laboratory in the strategically important Spanish hub of the global aerospace sector. The acquisition of TEAMS S.L. not only strengthens Element’s rapidly growing European Materials Testing Å·ÃÀÊìÅ®ÂÒÂ× but it also brings a strong reputation for delivering technical and service excellence to our group.
In acquiring TEAMS S.L., our headcount will increase to over 2,000 Engaged Experts and it will take our number of laboratories to 61, ensuring that we are well positioned to achieve our goal of becoming the world’s most trusted testing partner to the Aerospace primes and their supply chain partners”.
Federico París and José Cañas, Owners/Chairmen of TEAMS, comment: “Element’s position as the leading provider of materials and product qualification testing services to the Aerospace sector, together with our own relentless pursuit of technical and service excellence, makes the future combination of our two organizations a perfect fit.
We are extremely proud of the achievements of our team and the strong reputation we have built since our company was founded in 2006. We are especially excited about the additional opportunities the joining of our two companies creates for our highly talented and motivated team of graduates, technicians and engineers”.
TEAMS provides a comprehensive range of destructive and non-destructive materials testing services; engineering advisory services; structural testing services and vibration testing services for both metals and a wide variety of advanced materials to the Aerospace, Space, Railway, Energy and Naval sectors. They hold a Nadcap accreditation for Destructive Testing, Non Metallics Testing & Non-Destructive Testing (NDT).
The transaction is expected to be concluded by the end of March 2017.
About Element:
Element is a company with a global presence; its laboratories are staffed by experts specializing in materials testing, product qualification testing and failure analysis for the Aerospace, Oil & Gas and Transportation and Industrials sectors. Element’s team of over 2,000 scientists, engineers and technicians work in 61 laboratories located throughout the U.S., Europe and Asia.
Media Contact:
Bora Trimcev, Communications Manager, Å·ÃÀÊìÅ®ÂÒÂ×, tel: +44 (0) 2035 401 820, e-mail: bora.trimcev@element.com
“The acquisition of TEAMS S.L. not only strengthens Element’s rapidly growing European Materials Testing Å·ÃÀÊìÅ®ÂÒÂ× but it also brings a strong reputation for delivering technical and service excellence to our group”
Charles Noall
president and ceo