10:58 AM EST, 12/10/2024 (MT Newswires) -- Transcat ( TRNS ) said Tuesday it has purchased Martin Calibration for $79 million, consisting of $69 million in cash and $10 million in company stock.

Martin, which is a calibration laboratory network with more than $25 million in revenue, operates seven labs across the Midwest and serves customers in the medical, life science, aerospace and nuclear sectors, the company said.

Shares of Transcat ( TRNS ) were up 0.4% in recent Tuesday trading.

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