Transcat Enters into Letter of Intent to Acquire Wind Turbine Tools, Inc.
ROCHESTER, NY, November 23, 2010 - Transcat, Inc. (Nasdaq: TRNS) ("Transcat" or the "Company"), a
leading distributor of professional grade handheld test and measurement instruments and accredited
provider of calibration, repair and weighing system services, announced today that it has entered into a
non-binding Letter of Intent to acquire substantially all of the assets of Wind Turbine Tools, Inc. and
affiliated entities.
Wind Turbine Tools and its founder, Jim Daugherty, are widely recognized within the wind energy industry
as a premier provider of unique product tool kit solutions, technical assistance, torque calibration and
hydraulic services.
Charles P. Hadeed, President, CEO and COO of Transcat, commented, "Our strategy is to increase our
market share as a provider of products, tools and services within the rapidly expanding wind energy
industry in North America. We believe that this acquisition, which complements our 2008 acquisition of
Westcon, will strengthen our position and broaden our customer base within this industry."
Jim Daugherty commented, "I am looking forward to the combination of our companies which will provide
our customers a nationally recognized distributor of torque tools and test and measurement
instrumentation and access to a broad network of accredited calibration labs."
The acquisition is expected to be an all cash transaction and is subject to several contingencies, including
satisfactory due diligence by Transcat and the execution and closing of a definitive agreement. The terms
of the transaction were not disclosed.
ABOUT TRANSCAT
Transcat, Inc. is a leading distributor of professional grade handheld test and measurement instruments and
accredited provider of calibration and repair services primarily for the pharmaceutical and FDA-regulated,
industrial manufacturing, energy and utilities, chemical manufacturing, and other industries. Through its
distribution products segment, Transcat markets and distributes national and proprietary brand instruments to
nearly 14,000 customers. The Company offers access to more than 25,000 test and measurement
instruments. Transcat delivers precise, reliable, fast calibration, and repair services across the United States,
Canada and Puerto Rico through its 13 strategically located Calibration Centers of Excellence. Transcat's
calibration laboratories are ISO-9001 registered and the scope of accreditation to ISO/IEC 17025 is believed to
be one of the broadest in the industry.
Transcat's growth strategy is to expand both its distribution products and calibration services in markets that
value product breadth and availability and rely on accredited calibration services to maintain the integrity of their
processes.
More information about Transcat can be found on its website at: www.transcat.com
For more information contact:
John Zimmer,
Chief Financial Officer
Phone: (585) 352-7777
Email: jzimmer@transcat.com
OR
Deborah Pawlowski,
Investor Relations
Phone: (716) 843-3908
Email: dpawlowski@keiadvisors.com
Transcat, Inc.
35 Vantage Point Drive
Rochester NY 14624
Phone: (585) 352-7777
