EQT in Talks to Take Over €1.4 Billion Calibration Firm Trescal

Private equity firm EQT AB is in exclusive talks to buy a majority stake in French calibration company Trescal from Canadian pension fund Omers.

EQT’s infrastructure arm is expected to close the proposed acquisition in the first quarter of next year, Omers Private Equity said in a statement Monday. The transaction is set to value Trescal at around €1.4 billion ($1.5 billion) including debt, people with knowledge of the matter said.

Omers plans to reinvest for a 25% stake in Trescal, according to the statement, which didn’t disclose financial details.

Trescal, led by Chief Executive Officer Guillaume Caroit, calibrates ...