Element Materials Technology Group £620.3 million acquisition of Exova Group

Overview:

• Element Materials Technology Group (Element) has acquired Exova Group for £620.3 million.
• The deal will see Exova shareholders receive 240p per share.
• Exova tests the safety and performance of products used in various industries including aviation and pharmaceuticals.
• Element is also a materials testing company and is majority owned by Bridgepoint fund BEV.
• Goldman Sachs and Investec advised Exova.
• HSBC is advising Element and Bridgepoint.

Sam Duke - Editor