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11/2020

BESIKTA BILPROVNING acquired by APPLUS+ GROUP

SWEDEN Industrial Services / TIC (Testing, Inspection, Certification) EV 100M - 350M EUR

Context

The transaction is driven by the strategic objective of consolidating Applus+’s leadership position within the Nordic statutory vehicle inspection market. By acquiring a leading Swedish operator, the acquirer significantly expands its regional footprint, building upon its established operations in Denmark and Finland. The strategic rationale focuses on capturing the benefits of a fully liberalized market characterized by high levels of recurrent revenue and stable cash flows. The partnership allows for the exchange of best practices in consumer marketing and technical operations between the two organizations, enhancing overall service delivery. Furthermore, the acquisition provides the group with a robust platform to pursue targeted investments in high-growth locations and to leverage technical synergies across its automotive division. This integration is designed to reinforce the group’s global leadership in the automotive inspection sector while ensuring long-term visibility in a market with structural growth drivers and mandatory compliance requirements. The deal aligns with the broader industrial trend of international TIC leaders acquiring dominant local players to achieve regional scale and operational optimization.

BESIKTA BILPROVNING, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Besikta Bilprovning is a leading provider of statutory vehicle inspection services within the Swedish market. The organization specializes in mandatory safety and environmental inspections for a wide range of vehicles, ensuring compliance with national and European regulatory standards. Its business model is built on a high volume of recurring technical assessments, supported by a dense network of inspection stations that provide essential accessibility to consumers and commercial fleets. The entity’s strategy focuses on operational efficiency, customer service excellence, and the maintenance of high technical standards to ensure road safety and environmental protection. By operating in a fully liberalized regulatory environment, the firm leverages its technical expertise to provide reliable, independent verification services. The organization plays a critical role in the automotive value chain, acting as a neutral auditor of vehicle condition and emissions integrity.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
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2020
2019

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07/2020XEBECAIR FLOWUNITED STATESIndustrial & Technical Distribution
07/2020PORTOBELLO CAPITALAGQ LABSSPAINTIC (Testing, Inspection, Certification)
06/2020ASTORGNORMECNETHERLANDSTIC (Testing, Inspection, Certification)
04/2020CINVEN / ASTORGLGC GROUPUNITED KINGDOMTIC (Testing, Inspection, Certification)
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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BESIKTA BILPROVNING by APPLUS+ GROUP are reserved for mynth community members. Register for free to unlock full data.

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: besikta bilprovning

Acquirer: applus+ group