Temasek has acquired Element Materials Technology, a testing, inspection and certification services provider.
Element focuses on lab-based testing and supports customers from R&D to government approvals and production.
Jo Wetz, CEO of Element, said, “We are delighted to complete this landmark transaction with Temasek and begin work on the next chapter of Element’s story. Their partnership over the last three years has been hugely beneficial to our growth. Today, Element is the partner of choice to companies at the forefront of innovation, from advanced medical science to autonomous cars, and has one of the most talented and highly qualified teams in the TIC space.”
Element was advised by Bank of America Securities, Goldman Sachs, Rothschild & Co, A&O, EY, BCG, DLA, Jamieson and PwC.