Applus Services has announced its intention to proceed with an initial public offering of its ordinary shares to institutional investors. The company intends to apply for admission of the Shares to the Barcelona, Bilbao, Madrid and Valencia stock exchanges (the Spanish Stock Exchanges) and on the automated quotation system or mercado continuo of the Spanish Stock Exchanges. Applus is a testing, inspection and certification company.
Applus Services, S.A. (“Applus+” or the “Company” and, together with its subsidiaries, the “Group”), one
of the world’s largest testing, inspection and certification (“TIC”) companies, today announces its
intention to proceed with an initial public offering (the “IPO” or the “Offering”) of its ordinary shares (the
“Shares”) to institutional investors. The Company intends to apply for admission of the Shares to the
Barcelona, Bilbao, Madrid and Valencia stock exchanges (the “Spanish Stock Exchanges”) and on the
Automated Quotation System or Mercado Continuo of the Spanish Stock Exchanges (“Admission”). The
Offering will comprise a primary offering of new Shares by the Company and a secondary offering of
existing Shares by current shareholders.
Headquartered in Barcelona, Applus+ provides essential regulatory – driven and “mission – critical” services
and solutions for the Energy, Industrial, Infrastructure and Automotive sectors. The Company’s services
enable its clients to manage risk, enhance the quality and safety of their products, assets and operations,
comply with applicable standards and regulations and optimise industrial processes. Applus+ operates in
more than 60 countries through c. 19,000 employees and a network of 324 offices, 159 testing facilities
and 322 statutory vehicle inspection stations, and serves a highly diverse blue – chip client base in
established as well as high – growth economies globally.
For the year ended 31 December 2013, the Group recorded €1.6 billion revenues and €200 million
operating profit before depreciation, amortization and others.
Fernando Basabe, Chief Executive Officer of Applus+, said:
“Today’s announcement marks a major milestone in Applus+’ corporate evolution. Since our formation in
1996 we have grown to become one of the world’s most successful industrial Testing, Inspection and
Certification companies, developing a global platform with market leadership and scale. We have
achieved this position through a mixture of value – accretive acquisitions underpinned by robust organic
growth, and the delivery of consistently strong financial performance throughout the economic cycle.
Our success is based on the quality of our people, our technological innovation, our focus on customer
service and quality, and continued investment in our business. Looking ahead, we see exciting
opportunities across our markets for further growth and are very well placed to continue to benefit from
favourable structural growth trends as well as industry consolidation.”
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