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Acquisition further enhances Hoskin’s positioning as Canadian market leader of test and measurement solutions.
October 11, 2023
Hoskin Scientific announced it has acquired Durham Instruments. Based in Pickering, Ontario, Durham Instruments (Durham) is a leading supplier of test & measurement instrumentation, data acquisition and control systems. The business offers custom system measurement solutions, including hardware and software integration and on-site technical service.
“We are pleased to welcome the Durham Instruments team to the growing Hoskin Scientific family,” said Justin Warren, chief executive officer of Hoskin Scientific (Hoskin). “Since 1977, Durham Instruments has built a strong reputation for delivering expert consultative support to customers in the aerospace, automotive, industrial, and research fields. Hoskin’s national footprint will provide a platform for Durham to be able to accelerate its growth as well as provide existing Hoskin customers access to a wider range of products.”
Warren said the acquisition of Durham further enhances Hoskin’s positioning as the Canadian market leader of test and measurement solutions.
The Durham business will continue to trade under its own brand and will sit alongside the Avensys and CTH brands in the Hoskin Scientific portfolio. Debt financing for the transaction was provided by PNC Mezzanine Capital. River Associates and the management teams at Hoskin and Durham continue to seek complementary strategic acquisition partners for the company.
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