Announced
Completed
Financials
Tags
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
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.
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