At what enterprise value was CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) acquired in 2023?

You can find the full valuation details of CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 10M - 30M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) when it was acquired by UL SOLUTIONS?

The exact EV/EBITDA multiple for CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.ul.com/news/ul-solutions-acquires-cere-0

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Home Database Business ServicesCERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES)

08/2023

CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) acquired by UL SOLUTIONS

SPAIN Industrial Services / TIC (Testing, Inspection, Certification) EV 10M - 30M USD

Context

The global safety science leader has successfully finalized the acquisition of a specialized Spanish testing and certification body, marking a strategic expansion of its renewable energy capabilities in Europe. This transaction represents a definitive move to deepen technical operational depth in grid code compliance and grid simulation services, specifically targeting the high-growth sectors of inverter-based resources and electric vehicle adoption. The strategic rationale for the move centers on the acquirer's objective to support global energy transition goals by providing enhanced simulation and certification infrastructure for sustainable energy systems.

CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES), which reported an EBITDA margin of in 2023, 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 (11.3x).

-> Deep-dive in Business Services market trends

Target

CERE is a specialized technology organization operating as a third-party testing, simulation, and certification body. The entity’s business model is centered on providing technical validation for inverter-based resources, specifically focusing on renewable energy systems and electric vehicle infrastructure. Its value proposition lies in its expertise in grid code compliance and grid simulation, facilitating the seamless integration of sustainable energy sources into existing electrical infrastructures. Strategically, the firm focuses on high-expertise niches within the machinery, industrial, and medical device sectors, ensuring that complex electrical and electronic products meet stringent international safety and electromagnetic compatibility (EMC) standards. By maintaining a deep technical operational depth in energy transition technologies, the organization ensures a mission-critical role in the global shift toward decarbonization. The entity prioritizes industrialized reliability and technical excellence to support technical innovators in navigating global market acceptance and risk mitigation.

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Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2024	ARDIAN	VULCAIN INGENIERIE	FRANCE	Engineering & Consulting
10/2023	GCA - GROUPE CHARLES ANDRE	GROUPE AUTAA	FRANCE	Equipment Rental
08/2023	VINCI ENERGIES	INPROCON	SWEDEN	Multi-technical Installation
07/2023	SER CAPITAL PARTNERS	CHARAH SOLUTIONS	UNITED STATES	TIC (Testing, Inspection, Certification)
05/2023	REXEL	WASCO	NETHERLANDS	Industrial & Technical Distribution
04/2023	FRANCHISE BRANDS	PIRTEK EUROPE	UNITED KINGDOM	Welding & Piping Services
01/2023	SOLOMAT LOCATION	TERMALOC	FRANCE	Equipment Rental
12/2022	CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	AKIEM	FRANCE	Equipment Rental
09/2022	ELEMENT MATERIALS TECHNOLOGY	NATIONAL TECHNICAL SYSTEMS (NTS)	UNITED STATES	TIC (Testing, Inspection, Certification)
08/2022	OAKLEY CAPITAL INVESTMENTS	PHENNA GROUP	UNITED KINGDOM	TIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) by UL SOLUTIONS 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.