Microlease acquires electronic test equipment firm MetricTest

Microlease, a test equipment rental and asset management organisation, has acquired MetricTest, a US-based solution provider for buying, renting and leasing new and refurbished electronic test equipment.

As a result of the acquisition, Microlease anticipates its income in the US will exceed $50m (£31.6m) in its current financial year and more than $90m in the following 12-month period.

‘We believe this latest acquisition will form an important part of our continued commitment to meet growing demand for cost-effective test equipment and services globally,’ said Nigel Brown, Microlease chief executive.