Cork-based NEXA Enterprise Asset Management (‘NEXA’) has been acquired by Nasdaq listed Transcat, Inc., a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation
Founded in Ireland in 2015 by Dublin native, 37-year-old John Cummins, NEXA provides calibration optimisation and other technical solutions to improve asset- and reliability-management programs to pharmaceutical, biotechnology, and medical device companies worldwide. NEXA employs 25 in Ireland and another 40 in its Pennsylvania based US subsidiary.
The multi-disciplinary Pinsent Masons team was led by Dublin based Corporate partner Dennis Agnew and included, Gavin Hickey, Ciara Ruane, Nicola Barden, Matthew Mooney, Con Berkery and Clare McCourt. Pinsent Masons worked side by side with US firm Nelson Mullins.
Commenting on the deal Dennis said: “This is an important and exciting development for NEXA, I congratulate NEXA CEO John Cummins. John will continue in a leadership role in the new company and I have no doubt that the collaboration with Transcat Inc. will strengthen the offering to clients and push them forward as leaders in their field."