UK's Microlease Acquires US-Based MetricTest
Addition of California-Based Test Equipment Specialist Will Further Expand Microlease's Global Reach

TORRENCE, CA, October 20, 2011 /24-7PressRelease/ -- Microlease, Europe's leading test equipment rental and asset management organization announced today it has acquired MetricTest, a US-based solution provider for buying, renting and leasing new and refurbished electronic test equipment. The MetricTest board will now be led by Microlease CEO, Nigel Brown, as Chairman. MetricTest President and COO, Vern Stevenson, will become CEO of the combined companies.

As a result of the acquisition, Microlease anticipates its income in the US will exceed $50 million in its current financial year and more than $90 million in the following 12-month period.

Recognized by test and measurement engineers as a North American leader in customer service, MetricTest is a complete solutions provider for rentals and new and refurbished equipment sales. Under Microlease's ownership, MetricTest customers will benefit from more inventory, additional client services and global account support.

Established 20 years ago by Marshall Hart, MetricTest has achieved strong business growth and, like Microlease, has forged strong relationships with most of the major OEM's including Agilent Technologies, Tektronix, Advantest, Anritsu, Keithley and Rohde & Schwarz.

"The two companies are an excellent match and have many shared positive attributes, including a high standard of engineering competence amongst the sales force. We believe this latest acquisition will form an important part of our continued commitment to meet growing demand for cost-effective test equipment and services globally," says Microlease chief executive, Nigel Brown.

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