Temasek buys Bridgepoint's Element Materials in $7 billion deal


FILE PHOTO A Temasek logo is seen at the annual Temasek Review in Singapore July 7 2016. REUTERSEdgar Su

FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su

LONDON (Reuters) - Singaporean state-owned investor Temasek has acquired Element Materials Technology Group from Bridgepoint, the London-listed private equity firm said on Tuesday.

The terms of the deal were not disclosed but sources had earlier told Reuters that it valued Element, which tests and certifies industrial products and materials, at about $7 billion.

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