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New Deal


Announced

Completed

Applus+ completed the acquisition of Besikta Bilprovning from Volati for $119m.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.7x
EV/EBITDA12.8x
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Acquisition

Private Equity

Completed

Majority

Auto Services

Private

Sweden

car inspection

Disposal

Friendly

Synopsis

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Applus+, an engineering services company, completed the acquisition of Besikta Bilprovning, a car inspection market, from private equity firm Volati for $119m. "It is pleasing to report that we have completed the sale of Besikta Bilprovning to Applus+ – a transaction that benefits both Volati and Besikta Bilprovning. Through the transaction, we realise significant value and create additional opportunities for Volati to continue to develop the company at a rapid pace, both through investments in existing operations and new acquisitions. Besikta Bilprovning, in turn, gets a leading industrial owner in Applus+ who has all the right prerequisites to help the company to develop successfully," Mårten Andersson, Volati CEO.

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