mynth
05/2026

GEI GROUP acquired by APAVE GROUPE

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

Context

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.

GEI GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

GEI Group is a Singapore-based provider of specialized technical services for industrial clients. Founded in 2013, the company has established a strong presence in Southeast Asia, with primary operations in Singapore and growing activities in Indonesia and India. GEI focuses on delivering a comprehensive suite of solutions in inspection, advanced non-destructive testing (NDT), and calibration/metrology. Its service portfolio includes advanced techniques such as Digital Radiography, Phased Array Ultrasonic Testing (PAUT), and Internal Rotary Inspection System (IRIS), alongside pre- and post-weld heat treatment solutions. The company serves a diverse client base across four key sectors: process industries, maritime, energy, and infrastructure. It operates reputable and accredited calibration laboratories in Singapore, Indonesia, and India, holding numerous significant regional accreditations and recognitions, including SAC-SINGLAS, NABL, KAN, BKI, and MIGAS. These certifications, along with approvals from major international classification bodies, underscore its commitment to high standards of reliability and safety. As of 2026, the company employed over 210 skilled professionals dedicated to ensuring the integrity and performance of client assets.

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Historical Financials (EUR)

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2025
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REFERENCES

Revenue range: 5M - 25M EUR

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: gei group

Acquirer: apave groupe