TestAmerica announces merger with China based JSTI Group
TestAmerica, the world’s largest environmental testing firm, will merge with Nanjing, China based JSTI Group, a global transportation systems design and environmental monitoring firm. Executives of both firms describe the merger as a synergistic combination of diversified testing and environmental solutions leaders resulting in the first ever unified east-west response to the world’s vast and growing environmental stewardship testing challenges. A definitive merger agreement was executed on June 1, 2016 with final closing subject to specific conditions including regulatory approvals and anticipated to occur within 90 days.
JSTI CEO Mr. Junhua Wang said, “JSTI is excited to work with the team at TestAmerica, certainly to grow their industry leading testing business in the USA and also to transport their services to International markets with growing demand. A huge environmental services market is forming in Asia. JSTI and TestAmerica will be leaders in helping to provide environmental measurement solutions in this and other international markets. We look forward to bringing TestAmerica’s industry leading environmental testing services specifically to China to help address the environmental and health challenges our country faces in the coming decades.”
TestAmerica CEO Rachel Brydon Jannetta said, “We are very much looking forward to working with JSTI, foremost to continue providing differentiated environmental testing services to our US based clients, but also to finally expand our service capabilities around the world. TestAmerica has evaluated Global expansion for years, and we’ve now found the right partner within our broad business sector, who understands our challenges and opportunities, and have a very similar strategic growth plan.”
JSTI Chairman Mr. Guanhua (Mark) Fu also reflected on the merger, “JSTI needs TestAmerica. JSTI needs the TestAmerica systems and technology to serve our people. We will combine the TestAmerica technology with JSTI technology and apply to the world’s great needs for environmental inspection solutions.”
TestAmerica Senior Vice President James H. Miller added, “We look forward to introducing our global engineering consulting partners to JSTI. We believe that combination can be very exciting in the Asian environmental market.”
JSTI Group is traded on the Shenzhen Stock Exchange and has a current market capitalization of over $1.5 billion. JSTI provides a broad range of transportation testing and support services, including sophisticated monitoring and testing services for highways, bridges, airports and urban mass transit. JSTI is ranked #108 on the ENR List of Top 150 Global Design Firms, with 2015 revenues in excess of U.S. $ 400 million. The company employs over 3,500 people.
The terms of the deal were not disclosed. For more information, contact Jim Miller SVP at TestAmerica (716.310.6669).
TestAmerica is the leading environmental testing firm in the United States, with over 80 locations providing innovative technical expertise and comprehensive analytical testing services. Specialty analyses include source, ambient and indoor air, water quality, compliance, desalination, shale gas, specialty organics, emergency response, industrial hygiene, dioxins, drinking water, sediments and tissues, PFCs and emerging contaminants, explosives, Federal/DoD, and radiochemistry and mixed waste testing.
TestAmerica affiliate companies include EMLab P&K, the leader in analytical microscopy and indoor air quality; and TestAmerica Air Emissions Corp. (METCO Environmental), specializing in air emissions testing. TestAmerica currently employs more than 2,000 professionals dedicated to exceptional service and solutions for our clients’ environmental testing needs.
- Contact Information
- Jim Miller
- Senior Vice President
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.