Test Industry takes over the German TS TestingService GmbH and TS Gim GmbH

Test Industry enters the German market by acquiring 100% of two companies: TS TestingService and TS Gim, both of the TS Group GmbH.

Test Industry enters the German market by acquiring 100% of two companies: TS TestingService and TS Gim, both of the TS Group GmbH.

With this double operation, Test Industry is increasingly a point of reference in the international panorama of the design and production of test benches for industrial testing.

Thanks to the two acquisitions, the Group’s turnover will reach 50 million Euro, compared to the approximately 35 million achieved in 2021 and the strategic value of the group in automotive and aerospace testing will be consolidated:

• The test benches for transmission shafts, the core business of the TS GiM company, will represent an extension of the range for the Bimal product line;
• The wheel and tire test benches, the core business of TS TestingService, will strengthen and integrate the positioning for the Leonardo product line.

The transaction will also make it possible to enhance the level of service offered by the Test Industry group to German customers, also in terms of after-sales services, and to improve the commercial presence in Far Eastern territories.

“The double acquisition will allow the Test Industry Group to grow internationally and establish itself in new European markets” declares CEO Paolo Mastrostefano “Now we can focus on a greater structuring and organisation of management in order to adequately support the company’s growth path”.

“The IGI fund, with the support of all the financial and industrial shareholders of the Group, has always believed in the growth and enhancement of the company because it believes that Test Industry has the perfect know-how to become an Italian excellence abroad” declared Angelo Mastrandrea, partner of IGI Private Equity and president of the Group: “Now the goal is to consolidate the results and continue on the path of further growth, both internally and through new acquisitions“.