MET LABS acquired by UL SOLUTIONS

The acquisition of Dekra Rail by Apave's subsidiary Certifer marks a significant step in Apave's growth strategy in the rail sector. This external growth operation allows Apave to consolidate its expertise in the transportation and mobility sector, a key axis of development for the company. By integrating Dekra Rail's laboratory testing, material inspection, and certification services, Certifer enriches its portfolio of services and reinforces its position in the rail industry. The acquisition enables Apave to respond to the challenges of interoperability, digitalization, and decarbonization, supporting the development of sustainable mobility

Eiffage, through its subsidiary Eiffage Énergie Systèmes, has entered into a definitive agreement to acquire Hand & Werk, marking a highly strategic inorganic growth transaction engineered to accelerate its footprint across the German data center market. This transaction significantly strengthens the group's positioning within a high-visibility, high-growth segment, which has been established as a core strategic development pillar for the division. The core investment thesis behind this business combination centers on leveraging Hand & Werk's technical expertise and proven track record in the engineering and deployment of mission-critical projects

Montagu has entered into an agreement to acquire a majority stake in DQS from a consortium of shareholders, including German professional organizations, industry associations, and US-based UL Solutions. Following the transaction, DIN, a historical shareholder since DQS' founding in 1985, will retain a significant stake and partner with Montagu to drive the company's future growth. This investment aligns with Montagu's strategy of backing market-leading businesses that provide critical services in regulated sectors

The transaction involves the 100% acquisition of Geocomp srl by Siwis, a platform company backed by Bravo Capital Partners II. This deal represents the third strategic acquisition for the platform, following its previous investments in Ekso srl and Drilling Solutions srl. The transaction structure includes an equity component where the founder of Geocomp, Pier Luigi Baldi, reinvests as a partner in the Siwis group, signaling strong alignment with the platform’s long-term value creation strategy. Strategically, this acquisition is designed to enhance the group's technical capabilities in network monitoring, territorial data management, and leakage detection, which are highly complementary to its existing no-dig pipeline remediation services

Kiloutou has once again successfully expanded its European footprint through the acquisition of 100% of the shares in KDM Hire, marking its first entry into the Irish market. This strategic move represents the group's tenth acquisition within a fifteen-month window, underscoring an aggressive international consolidation strategy led by Olivier Colleau. Previously owned by its founders and management team, the Irish entity operates across both Northern Ireland and the Republic of Ireland, serving a diverse clientele including construction majors, pharmaceutical companies, and event organizers

Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance. The strategic rationale for this transaction centers on a "sectoral-diversification" play, merging the target's industry-leading technical operational depth in automotive quality control with a definitive push into the high-growth aerospace and defense verticals. This structural alignment provides the organization with the institutional capital and strategic flexibility required to pursue an innovation-led expansion roadmap

Bureau Veritas has signed a definitive agreement to acquire 100% of LotusWorks. This transaction marks a major step in the implementation of the Group’s strategy, significantly strengthening its leadership in the fast-growing data center and semiconductor market segments. The strategic rationale centers on creating a new service platform for mission-critical assets, combining Bureau Veritas' global network with LotusWorks' technical "know-how" in commissioning and validation. This platform is expected to represent approximately 15% of the Building & Infrastructure division upon closing

Grafton Group PLC has agreed to acquire the entire share capital of the Spanish Mercaluz Group. This transaction follows Grafton's recent entry into the region via the acquisition of Salvador Escoda, effectively creating an Iberian HVAC powerhouse with combined annualized sales of c. €400 million. The strategic rationale for the deal is the integration of a high-growth, high-margin distributor that utilizes a hub-based delivery model, offering distinct operational synergies with Grafton's traditional branch-based networks

Studsvik AB has finalized the acquisition of Kärnfull Next, a specialized developer of small modular reactor (SMR) projects, to transition from a technical services provider into a full-lifecycle nuclear platform. This strategic move allows the organization to integrate its historical expertise in fuel technology, materials analysis, and radioactive waste management with early-stage project development, site selection, and feasibility studies. The partnership aims to accelerate the deployment of decentralized nuclear energy solutions across Sweden, capitalizing on the increasing demand for energy security and carbon-neutral power

Chequers Capital, in partnership with management, has acquired Groupe Aserti from Parquest Capital in a fourth LBO transaction. Negotiated on a bilateral basis without an auction, the deal ensures continuity under CEO Pierre Brisset, who took over in 2020 after founder Jean-Louis Gaertner retired. Financing includes senior debt from a pool led by CIC Ouest alongside Crédit Agricole du Morbihan, Caisse d’Epargne Bretagne Pays de Loire, and Arkéa, plus mezzanine debt from CIC Private Debt. The transaction transfers a platform of over 380 employees, 28 facilities in France and Germany, and 10,000 active industrial clients