Large global certification organization acquires Toronto testing company
ITS says the deal will help it grow large-scale battery-testing operations worldwide
ITS provides testing services for the automotive, aerospace, utility and UPS industries. The company employs fewer than 10 workers, but has one of the largest private fleets of large-scale battery cycling machines and abuse testing facilities in North America. Its 21,000 square foot, climate controlled lab provides abuse, durability, and life cycle testing of battery cells, modules, and packs.
TÜV SÜD Canada is a division of TÜV SÜD AG Group with more than 600 offices and 11,000 employees worldwide. TÜV SÜD is headquartered in Munich, Germany and posted EU$79 million in North American sales last year. The company has two locations in North Toronto.
ITS and TÜV SÜD will provide support for e-mobility projects, assisting with test equipment and controls development, test planning, data acquisition, testing, and certification. Details of the transaction are not being released, the companies said.
ITS president Darryl Fleger did say the deal would help the company grow its large format battery testing operations globally.