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4.5x money multiple
Man And Machine
Element NEW

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

Great Britain Flag New
Investment date

2010 - 2015

Good to great


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


EBITDA growth
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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​
3I Employee

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

Key events under our ownership

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​