APPLIED TECHNICAL SERVICES (ATS) acquired by 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.
As a reminder, Applied Technical Services had previously acquired Hydradyne in 2024 as part of its expansion strategy.
APPLIED TECHNICAL SERVICES (ATS), which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).
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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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (USD)
Other operations with APPLIED TECHNICAL SERVICES (ATS)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2024 | APPLIED TECHNICAL SERVICES (ATS) | HYDRADYNE | UNITED STATES | Industrial & Technical Distribution |
REFERENCES
Valuation range: EV 1b - 4b USD
Revenue range: 250M - 500M USD
EBITDA range: 50M - 100M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: applied technical services (ats)
Acquirer: sgs