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Announced

Applus+ completed the acquisition of Inecosa and Adícora from Iberdrola Group.

Synopsis

Applus+, the global testing, inspection and certification company, completed the acquisition of Inecosa and Adícora which are two separate subsidiary companies of the Iberdrola Group. The two companies will form part of the Energy & Industry division of Applus+. Financial terms were not disclosed. “We are delighted to welcome the professionals of both Inecosa and Adícora to Applus+ where we are confident they will continue to develop. This acquisition is perfectly aligned with our strategic portfolio evolution towards higher growth within attractive markets,” Fernando Basabe, Applus+ Group Chief Executive Officer.

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