mynth
12/2013

ATS acquired by SOCOTEC

FRANCE Industrial Services / TIC (Testing, Inspection, Certification) REV 5M - 25M EUR

Context

Socotec has finalized the 100% acquisition of ATS and its international subsidiaries in Italy and China from its founding directors. This transaction represents a strategic build-up for Socotec, which has been operating under a secondary LBO backed by Cobepa and Five Arrows Managers for approximately one year. The transaction is driven by the significant reinforcement of Socotec’s technical capabilities in the specialized Oil & Gas quality control market. Beyond enhancing technical synergy, the acquisition provides a critical geographic expansion, granting the group an immediate footprint in Italy and Asia through established subsidiaries in Milan and Shanghai. This allows the group to offer localized technical oversight in major international energy hubs. By integrating the target's specialized workforce and technical expertise, Socotec significantly scales its energy-related service offering, enabling it to better serve global industrial clients. This move aligns with the group’s broader consolidation strategy to lead the risk management and industrial inspection landscape by diversifying its sectoral reach and strengthening its international operational network.

ATS, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

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Target

ATS is a specialized technical service provider focusing on global quality control, analysis, testing, and technical inspections for industrial sectors. The organization operates primarily within the oil and gas, building and civil engineering (BTP), and metallurgy industries. Its value proposition centers on ensuring industrial safety, material integrity, and regulatory compliance through a network of international subsidiaries. The entity’s strategy focuses on delivering technical expertise in complex energy environments, providing mission-critical verification services to major industrial operators and engineering firms. By managing comprehensive quality assurance and quality control (QA/QC) programs, the firm supports the reliability of large-scale infrastructure and energy projects. Its international operational model allows for localized technical oversight in key global energy hubs and industrial manufacturing centers.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
2012

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REFERENCES

Revenue range: 5M - 25M EUR

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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.

Acquirer: socotec