Benchmark International is pleased to announce the transaction between Theatre and Endoscopy Service Technicians (T.E.S.T.) and Teqnion.
T.E.S.T. specialises in decontamination equipment, validation, and testing services for clients operating in controlled environments such as healthcare facilities, veterinary practices, and universities. Based in Stoke-on-Trent, T.E.S.T. delivers a comprehensive range of services including equipment manufacture and supply, testing, installation, maintenance, and examination.
Founded in 2006 by Andrew Lawton, T.E.S.T. has built a strong reputation for quality and reliability, serving an impressive client base that includes the NHS and leading private healthcare providers such as Circle Health and Vanguard Healthcare. The company also designs and manufactures water treatment plants for medical device rinse water and provides UKAS-accredited ISO/IEC 17025 laboratory services. Andrew will stay on and continue to run the business.
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Teqnion is an industrial group that acquires stable niche companies with good cash flows. The subsidiaries are managed decentralised with support from the parent company. The company operates in numerous industries with leading products, which gives Teqnion good resistance to economic fluctuations as well as solid industrial know-how. It focuses on profitability and long-term sustainable business relationships. Teqnion's shares, TEQ, are traded on the Nasdaq First North Growth Market.
Andrew Lawton, managing director at T.E.S.T., said: “It was essential that I found a partner who would continue to allow the company to continue its dedication to quality and service provision, and I feel happy that we have found Teqnion as a home for our business and staff. I truly feel that Daniel and I share the same ethos, and I look forward to continuing to grow the company with the Teqnion team. This feels like the beginning of an exciting new chapter, and I am confident that together we will achieve great things.”
Johan Steene, CEO at Teqnion, said: "I’m very happy that we found T.E.S.T. and the great team working there. T.E.S.T. provides crucial services to its healthcare customers, backed by highly qualified engineers and clinical specialists. With strong recurring revenues and an impressive client base, this is a fantastic addition to Teqnion."
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