GEI GROUP acquired by APAVE GROUPE

Apave Group has announced an agreement to acquire GEI Group, a Singapore-based leader in industrial inspection and testing services. This transaction represents Apave's 32nd acquisition in less than six years and is a key strategic move aligned with its 'AMPLIFY 2030' strategic plan, which aims to establish the company as a global leader in the Testing, Inspection, and Certification (TIC) sector. The acquisition is designed to significantly strengthen Apave's geographical footprint in Southeast Asia, a region targeted for high growth. By integrating GEI, Apave will immediately bolster its existing regional platform, adding skilled personnel and expanding its operational capabilities. The deal will also enhance Apave’s service portfolio by incorporating GEI's specialized expertise in advanced non-destructive testing and calibration/metrology. This synergy is expected to improve Apave's ability to identify and control risks and manage asset life performance for its industrial clients. The combination aims to generate significant commercial opportunities by merging Apave's global reputation with GEI's strong regional presence and customer relationships. The founder of GEI will remain with the combined entity to lead Apave's activities in the region, ensuring continuity and driving future growth. The transaction was initiated by the target and is being self-financed from Apave's balance sheet.