IIA has acquired Tribologik Laboratories and PMC to enhance its lubricants and fluids analysis offerings and expand its market reach across North America.

Target Company Overview

Industrial Inspection & Analysis® (IIA) has announced the acquisition of Tribologik® Laboratories and Predictive Maintenance Corporation (PMC), both established leaders in the field of lubricant, fuel, coolant, and grease testing. Founded in 1984 by Marvin Ostin, these companies have built a solid reputation for providing ASTM compliant testing services vital for the maintenance of aerospace, data centers, manufacturing, utility, fire departments, industrial, mining, and transport equipment across North, Central, and South America. With laboratory facilities located in the Greater Chicago area and Montreal, Tribologik holds ISO/IEC 17025:2017 accreditation, ensuring high-quality assurance for organizations seeking to keep their valuable assets running efficiently and cost-effectively. Effective November 5, 2024, these firms will be integrated into IIA’s Lab Services division, operating under the name IIA Tribologik.

Industry Overview in North America

The industrial inspection and analysis sector in North America has seen significant growth, driven by increasing awareness of asset integrity and maintenance. The demand for advanced testing services has expanded across various industries, particularly as organizations seek to optimize operations, mitigate risks, and comply with stringent safety regulations. With greater emphasis placed on reducing equipment downtime and preserving resources, the inspection services market is adapting to new technological advancements, thus enhancing the capacity to deliver timely and accurate analyses.

The lubricant and fluid analysis market, in particular, has been growing rapidly. As technologies evolve, businesses are increasingly investing in predictive maintenance solutions, which enable them to forecast equipme