OMERS Private Equity (OMERS) has entered into an agreement with the EQT Infrastructure V fund, which grants exclusivity to EQT to acquire a majority stake in Trescal.

As part of the transaction, EQT will acquire 25% stake of  Trescal from OMERS. Formerly part of Air Liquide and established as an independent company in 2007, Trescal provides essential and regulated calibration services via a network of more than 380 laboratories, for testing and measurement equipment in transport, healthcare, telecom, and other sectors. Completion of the transaction is subject to the completion of consultations and customary approvals by the antitrust and other regulatory authorities and the signing of a definitive agreement.

The deal is expected to close in Q1 of 2023, financial terms were not disclosed. DC Advisory advised OMERS and Trescal.