International law firm Bird & Bird advised the shareholders and founders of Contrôle Mesure Systèmes (CMS), a leading manufacturer of non-destructive testing (NDT) equipment, in connection with the sale of the entire share capital of their group to Ekoscan Integrity, backed by its shareholders Eurazeo, Siparex and Air Liquide Venture Capital (Aliad).
With nearly 40 years of experience, CMS develops non-destructive testing equipment for a range of industries, including nuclear, automotive, aerospace and steel. Employing around twenty staff, the company has recognised expertise in ultrasonic and eddy current inspection techniques, a know-how that is complementary to the mobile solutions offered by Ekoscan.
This acquisition strengthens Ekoscan Integrity’s expertise in inspection systems and positions the company as a key player in this market, at the crossroads of several industrial sectors. Since Eurazeo’s entry into its share capital last year, Ekoscan has completed its second bolt-on acquisition and is now approaching €100 million in annual revenues.
Bird & Bird advised on the transaction with a team comprising partner Félicien Bardsley and associate Nicolas Guerry.
