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Test Industry acquires German companies TS TestingService GmbH and TS GiM GmbH
Test Industry entered the German market by acquiring 100% of two companies: TS TestingService and TS Gim, both part of TS Group GmbH.
With this double acquisition, Test Industry is increasingly becoming a global leader in the design and production of test stands for industrial testing.
Thanks to these two acquisitions, the Group’s turnover could reach €50 million, compared to the approximately €35 million of 2021, thus consolidating the group’s strategic value in automotive and aerospace testing: drive shaft test stands, TS GiM’s core business, will expand the range of the Bimal product line, while wheel and tyre test stands, TS TestingService’s core business, will supplement the Leonardo product line and strengthen its positioning.
This transaction will also allow the Test Industry group to offer a higher quality service to German customers, also in terms of After-Sales Service, and to strengthen its commercial presence in Far Eastern countries.
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