Barcelona, 1 October, 2014.- Applus+ one of the world´s leading companies in testing, inspection and certification, today announces it has sold the Applus+ RTD business in Belgium to SGS.
This disposal is part of the initiative commenced prior to the Applus+ IPO to focus on areas that can generate higher profitable growth. Applus+ RTD in Belgium lacked the critical mass necessary to achieve this.
Applus+ RTD Belgium provides non-destructive testing services to the downstream oil, gas and petrochemical market is head quartered in Antwerp with a secondary location at Merelbeke. Revenue in 2013 was € 6.5 million representing 0.4% of the Group. All 50 employees are expected to transfer to SGS.
Applus+ is one of the world’s leading and most innovative companies in the Testing, Inspection and Certification sector. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety and environmental standards and regulations.
Headquartered in Barcelona, Spain, Applus+ operates in more than 60 countries through its network of 324 offices, 157 testing facilities and 322 statutory vehicle inspection stations, and employs more than 19,000 people (including approximately 3,000 engineers). Applus+ operates through six global divisions, all of which operate under the Applus+ brand name. In 2013, Applus+ recorded revenue of € 1,581 million and adjusted operating profit of €150.7 million. From 1 January 2011 to 31 December 2013, the Group’s revenue grew at a CAGR of 15.8%.
About Applus+ RTD
Applus+ RTD is the global leader in non-destructive testing, inspection and certification, focused on providing total solutions to ensure the integrity of the assets, since 1937.
The division recorded revenue of € 559 million in 2013 with over 4,500 employees in 35 offices worldwide.
The company provides Asset Integrity Services, standard as well as tailor-made, to ensure their quality, safety and profitability. Applus+ RTD provides these services globally, with state-of-the-art techniques, and highly qualified and customer focused personnel.
The Applus+ Group successfully listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges with its shares starting trading on 9 May 2014 at a price per share of € 14.50. The total number of shares is 130,016,755.