In April 2017, a recommended offer was made for the acquisition of Exova Group plc by Element Materials Technology. The offer was accepted and on 29 June 2017 Exova became part of Element.
Previously, Exova was a public limited company that had been floated on the London Stock Exchange in April 2014.
The acquisition of Exova by Element is an exciting development that will see the combined business operating across 200 laboratories, spanning more than 30 countries, and with more than 6,200 employees in total. A full programme of integration is underway to bring the Exova team into the Element community.
Outstanding Investor Relations queries - who to contact
For shareholder queries relating to Exova Group plc, please contact the following number:
Capita Asset Services - 0371 664 0321*
*Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00 a.m. – 5.30 p.m., Monday to Friday excluding public holidays in England and Wales.
Touching the lives of billions worldwide
Exova is one of the world's leading laboratory-based testing groups, trusted by organisations to test and advise on the safety, quality and performance of their products, systems and operations.
With over 90 years of experience, we have over 4,200 global experts operating from 138 facilities in 33 countries to support our 25,000 customers worldwide.
Exova provides technically demanding laboratory-based testing, calibration and related services across 11 key customer sectors:
Our downloadable slide pack gives a comprehensive introduction to Exova:
A Connected World of Expertise
Exova provides mission-critical support to over 25,000 customers worldwide. Our testing, advisory, calibration and certification services directly enhance safety, ensure quality and performance, advance new materials and push the boundaries of engineering and construction.
We help make the world safer and play a key role in making it cleaner, more efficient and less wasteful.
Advancing materials for Airbus
We conducted a range of destructive and non-destructive testing on composite materials to help Airbus and its supply chain bring the A350 to the skies.
Assuring asset performance for Maersk
We undertook a programme of advanced corrosion testing to help Maersk Oil safely extract gas from its North Sea Culzean Field Development Project.
Delivering public water quality
We perform testing and advisory services to assure the quality of drinking water produced at the Taweelah B Power and Desalination Plant in Abu Dhabi. We help our customer meet regulatory requirements and ensure the public have access to safe drinking water at all times.
Helping Saab push the flight envelope
We provide extensive materials testing programmes on the 4th Generation Gripen fighter and other current and future military capabilities as part of a long term agreement with SAAB.
Making Terminal 5 fire safe
Our teams have ensured public safety by delivering fire engineering and consultancy solutions to mass transit facilities around the world, including the UK’s Heathrow Terminal 5, the Doha Metro in Qatar, and Ferrari World in Abu Dhabi.
The Testing, Inspection and Certification (TIC) market has grown due to the globalisation of trade and markets, new regulations and standards and increasing concern about product safety and quality increasing demand for testing services.
Our work ensures our customers meet these safety, regulatory and performance standards, while also helping them to realise their own quality and commercial goals.
Our customers’ market drivers present opportunities for Exova to grow and to secure market share through the provision of technically demanding services.
- Global TIC market worth an estimated £120bn
- Approximately 47% outsourced to third-party providers
- Customer New Product Development
- Increasing complexity of materials & components
- New techniques and R&D
- The development of new products
- Increasing ‘per unit of output’ testing requirements
- Increasing government/self-regulation
- High cost of potential failure
- Increasing risk and reputational awareness
- Underlying volume growth
- In-house capacity constraints
- Globalisation and increasing complexity of supply chain
- Large in-house market
- Customers focusing on core activities
- Customer value/cost-control propositions
- Like-for-like price increases
- Low price relative to cost of getting it wrong
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