National Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today that its NQA division has completed the acquisition of Unitek Technical Services, Inc., formerly a Business Unit of Bureau Veritas, in an all-cash transaction. Unitek is a leading provider of supply chain management services headquartered in Centreville, VA, close to Washington, DC. Further terms were not disclosed.
Founded in 1973, Unitek provides supplier management, development, source inspections and related technical services to corporations worldwide. Unitek's client list includes a distinguished list of tier one aerospace and defense suppliers to the federal government and commercial customers, said William C. McGinnis, CEO of National Technical Systems. Unitek is also certified to the internationally recognized Aerospace Quality Management standard AS 9100.
“Unitek enjoys great customer relationships and has an advanced customer and resource management software system,” McGinnis said. “Unitek's technically advanced, web-based system will allow our clients, suppliers and field resources the ability to access data in real time, which can provide a range of unique value-added services. These customer relationships and resources, along with Unitek's experienced and dedicated management team and staff, will allow us to further integrate and support our clients with an even broader range of services.”
Unitek's long term performance and track record with its clients speaks to the company's dedication to being responsive to client needs, and to its ability to provide high quality support resources on demand, added Derek Coppinger, NTS Senior Vice President responsible for acquisitions.
The acquisition of Unitek Technical Services helps fill a strategic piece of our overall business plan to provide engineering and technical support services to our extended client base, specifically in the aerospace & defense markets,” Coppinger said.
Unitek's current management and employees are expected to remain with the firm and continue to operate from its Centreville headquarters.
About Bureau Veritas
Bureau Veritas, headquartered in Neuilly-sur-Seine, France, is a global company, founded in 1828, offering conformity assessment services in the areas of quality, health, safety, environment and social responsibility (QHSE). With over 2,000 professionals in over 50 offices across the United States, and operations in over 900 locations in 140 countries, Bureau Veritas develops solutions that contribute to risk prevention and performance improvement for commercial and governmental clients.
About National Technical Systems
National Technical Systems, Inc. is a leading provider of engineering and testing services to the defense, aerospace, telecommunications, automotive and high technology markets. Through a world-wide network of resources, NTS provides full life-cycle product integrity support, offering world class design engineering, compliance, testing, certification, quality registration and program management. For additional information about NTS, visit our website at www.ntscorp.com or call 800-270-2516.