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Announced

Completed

Normec completed the acquisition of i2 Analytical.

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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United Kingdom

Test Inspection and Certification (TIC)

food testing

Acquisition

Cross Border

Majority

Completed

Single Bidder

Private

Friendly

Synopsis

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Normec, a provider of TICC services, completed the acquisition of i2 Analytical, a provider of environmental, site services, construction materials and food testing services. Financial terms were not disclosed. “Led by Les Jones, the team at i2 has built an impressive and differentiated business that has grown rapidly over the years. i2’s strong UK market position and reputation, highly-invested laboratories and loyal customer base, combined with the technology-led expertise of Normec offers a compelling proposition that expands our combined footprint and capabilities from the UK across the Benelux, France and DACH and into Central Europe. This important acquisition opens up numerous opportunities for us to become even more meaningful to our combined customer base, leveraging best-practices across our portfolio of services. We look forward to working with Les and his team and are excited about the shared opportunity together," Joep Bruins, Normec Founder and CEO.

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