.
MergerLinks Header Logo

New Deal


Announced

Completed

Apave Group completed the acquisition of the technical inspection service line of ABS.

Financials

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

Tags

Edit

Friendly

marine and offshore classification societies

Acquisition

Single Bidder

Private

Cross Border

United States

Majority

power and energy and industrial sectors

Test Inspection and Certification (TIC)

technical certification

testing inspection and certification

Completed

Synopsis

Edit

Apave Group, an international inspection group with over 150 years of experience, completed the acquisition of the technical inspection service line of ABS, a global risk management company. Financial terms were not closed. “This transaction better positions ABS Consulting to focus on its strategic objectives to deliver world class technical risk solutions to support the overall ABS strategy. These solutions are delivered through the Risk and Reliability, Cybersecurity, Government and Management Systems Certification service lines. The technical inspection service line, even with its strong global performance, supports a different focus," Christopher J. Wiernicki, ABS Chairman, President and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US