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New Deal


Announced

DNV GL to sell KEMA Laboratories to CESI.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

high-power testing

Pending

Test Inspection and Certification (TIC)

Acquisition

Friendly

Netherlands

Majority

Cross Border

Synopsis

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DNV GL, the world's largest resource of independent power and renewables experts, agreed to sell KEMA Laboratories to CESI, world leader in testing, inspections and technical consulting services in the energy sector, for $154m. The transfer comprises KEMA and all the high-voltage and high-power testing and inspection activities performed by its personnel in its own laboratories in Arnhem, Prague and Chalfont. "Following a thorough review of our strategy for our laboratories in 2018 we are glad we have found a very good new owner for the KEMA Laboratories. In DNV GL's energy business we will continue to focus and expand our business in advanced, often digital, advisory, testing and certification services that help our customers handle the exponential growth of wind, solar and storage and their integration into the power grids," Ditlev Engel, CEO of DNV GL – Energy.

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