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M&A

APPLIED TECHNICAL SERVICES (ATS)

Acquired by

SGS

UNITED STATES Industrial Services EV [1b USD - 100b USD] 07/2025

Target

APPLIED TECHNICAL SERVICES (ATS)

Acquirer

SGS

Context

SGS has successfully completed the acquisition of Applied Technical Services, marking a significant milestone in its expansion strategy within the North American market. This transaction follows the clearance of all necessary regulatory approvals and unites two leading forces in the testing and inspection sector. The integration of the target adds over two thousand specialized employees to the acquirer,s family and fulfills a major portion of the group,s growth objectives for the region. Strategically, the combination allows for the generation of sustainable growth and enhanced value for clients through a highly complementary service portfolio. The merger is expected to yield substantial operational benefits, with significant synergies anticipated within the first three years of joint operations. This move strengthens the acquirer,s footprint in critical sectors such as aerospace and defense, while creating a sophisticated platform for long,term shareholder returns through increased scale and technical synergy.

Target

Applied Technical Services is a premier North American provider of specialized testing, inspection, calibration, and forensics solutions. The company’s business model is centered on providing high,value technical services to highly regulated and high,growth end markets, including manufacturing, aerospace, defense, power generation, and insurance. By leveraging a deep culture of service and technical expertise, the firm assists clients in ensuring the safety, quality, and compliance of their industrial assets and products. With a large team of dedicated professionals, the company operates as a critical technical partner for infrastructure and industrial reliability, offering a complementary portfolio of forensic analysis and precision calibration that supports long,term operational integrity for its diverse client base.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
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2024
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Other operations with APPLIED TECHNICAL SERVICES (ATS)