3i acquires testing company Stork Materials Technology

International investor 3i has signed an agreement to acquire Stork Materials Technology (SMT), a materials-testing services business, in a £130m transaction.

Headquartered in the Netherlands, Stork Materials Technology is a network of independent, accredited laboratories providing materials testing, failure analysis, consulting and calibration services to businesses throughout Europe and the US.

SMT, who emplys more than 800 engineers, scientists and technicians, serves more than 20,000 customers across a number of industrial segments including aerospace, oil and gas, power and advanced engineering.

The investment will provide SMT with access to 3i’s global network as well as additional resources to support acquisitions in Europe and the US.