At what enterprise value was DQS acquired in 2026?

You can find the full valuation details of DQS on mynth capital. 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 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DQS when it was acquired by MONTAGU PRIVATE EQUITY?

The exact EV/EBITDA multiple for DQS is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was DQS acquired by MONTAGU PRIVATE EQUITY?

DQS was acquired by MONTAGU PRIVATE EQUITY in 2026.

What was the revenue of DQS at the time of the deal?

The revenue of DQS at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 DQS 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 DQS 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://montagu.com/montagu-to-acquire-majority-stake-in-dqs/?utm_source=rss#038;utm_medium=rss&utm_campaign=montagu-to-acquire-majority-stake-in-dqs

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04/2026

MONTAGU PRIVATE EQUITY takes majority stake in DQS

GERMANY Industrial Services / TIC (Testing, Inspection, Certification) REV 100M - 200M EUR

Context

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. DQS operates in the global certification and business assurance market, a sector characterized by resilience, fragmentation, and sustained growth prospects. This growth is driven by increasingly stringent regulations, rising compliance requirements, growing ESG considerations, and the expanding need for cybersecurity and artificial intelligence solutions. The transaction also highlights the increasing interest of financial investors in certification and quality assurance activities, whose strategic importance is growing as companies must demonstrate regulatory compliance, secure their value chains, and build trust with customers, partners, and regulatory authorities. The completion of the transaction remains subject to customary regulatory approvals and closing conditions.

DQS, which reported an EBITDA margin of LOGIN in 2023, 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 (10.9x).

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

DQS is a global leader in certification, audit, and business assurance services. Founded in 1985 in Germany by several standardization organizations and German industry associations, the company has evolved into one of the world's premier independent certification bodies. DQS supports businesses in validating their compliance with international standards, regulatory requirements, and industry-specific benchmarks. Its service portfolio encompasses the certification of quality, environmental, information security, occupational health and safety, and numerous industry-specific management systems. The company also operates in high-growth areas such as cybersecurity, artificial intelligence governance, ESG compliance, medical devices, future mobility, and supply chain management. With a presence in over 80 countries, DQS relies on a global network of approximately 3,000 highly qualified auditors and experts. The company conducts over 130,000 audit days annually and serves more than 20,000 clients across a broad range of industries, including many international blue-chip companies and prominent German listed groups.

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Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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04/2026	BUREAU VERITAS	LOTUSWORKS	IRELAND	Industrial Services	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
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03/2026	STUDSVIK	KÄRNFULL	SWEDEN	Industrial Services	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

REFERENCES

Revenue range: 100M - 200M EUR

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

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: dqs

Acquirer: montagu private equity