Element

4.5x money multiple

Carve-out of a network of local independent testing laboratories built into a world-class integrated testing business

Investment date

2010 - 2015

Good to great

money multiple

Acquired as an unloved corporate subsidiary which we transformed into a global leader in materials testing

EBITDA growth

Doubled employees, tripled revenue and quadrupled EBITDA in 5 years

51 world-class facilities across three continents covering three core sectors

doubled number of staff and labs

Acquisitions enhanced sector testing capabilities, deepened customer relationships and expanded geographic coverage

Carve-out from the Stork Group, rebranded as Element and divested non-core activities

Invested significant capital to develop new testing technologies and support customer R&D programmes

Successfully delivered a buy-and-build growth strategy, completing 10 acquisitions

Development of a sector-focused approach with sector leads and key account management

Developed new pricing strategy and rolled out across all labs