Temasek Holdings to Acquire Element Materials Technology
Posted on 01/24/2022
Singapore’s Temasek Holdings agreed to acquire Element Materials Technology Limited for about US$ 7 billion. The seller is London-listed buyout firm Bridgepoint Group.
Singapore
Temasek Holdings acquired a significant minority stake in Element Materials Technology on July 24, 2019. At the same time, Element Materials Technology had integrated Admaterials Technologies, a Singapore-based business that provides testing to the construction sector, as well as chemical, environmental and mechanical testing and certification services. Element Materials Technology opened a oil & gas laboratory in Singapore in July 2018. Admaterials Technologies, which has laboratories in Singapore and Malaysia, is an advanced materials testing laboratory accredited by the Singapore Accreditation Council.
Bridgepoint acquired Element Materials Technology from 3i Group plc for an undisclosed sum (estimated at US$ 1 billion) in December 2015. 3i invested in Stork Materials Technology in November 2010 as part of a carve-out transaction from Netherlands-based Stork BV for £130 million. Shortly after, in 2011, Stork Materials Technology was rebranded as Element Materials Technology and reorganized into sector-focused business lines to better serve its customers’ needs. In September 2017, the Element Materials Technology bought Edinburg-based Exova Group PLC, a listed company.
Element Materials Technology is a global provider of testing, inspection, and certification services for a diverse range of products and technologies. It caters to clients in aerospace, industrial, energy, technology, and other sectors. Element’s 7,000 scientists, engineers and technologists work in its global network of more than 200 laboratories.
