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New Deal


Announced

Apave to acquire Lonestar.

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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Specialty Contracting

Single Bidder

United Arab Emirates

environmental tests

Acquisition

Cross Border

Majority

Private

Pending

Friendly

Synopsis

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Apave, a construction engineering company, agreed to acquire Lonestar, a technical & industrial services provider. Financial terms were not disclosed. "Industrial, environmental and structural tests and measurements are essential preventive measures to ensure the safety of people and property and to protect the environment. The acquisition of Lonestar not only strengthens our presence in the strategic Middle East region, but also consolidates our expertise in tests and measurements. I am delighted to welcome the Lonestar employees who are joining us and wish them a warm welcome to the Group," Philippe Maillard, Apave CEO.

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