Who owns QPS EVALUATION SERVICES?

QPS EVALUATION SERVICES has been 100% owned by APPLUS+ GROUP since December 2020.

At what enterprise value was QPS EVALUATION SERVICES acquired in 2020?

During the acquisition of QPS EVALUATION SERVICES by APPLUS+ GROUP in 2020, the transaction's Enterprise Value is estimated to be in the range of 20M - 50M EUR.

What was the EV/EBITDA of QPS EVALUATION SERVICES when it was acquired by APPLUS+ GROUP?

The estimated EV/EBITDA multiple for QPS EVALUATION SERVICES is in the range of 5x - 12x.

When was QPS EVALUATION SERVICES acquired by APPLUS+ GROUP?

QPS EVALUATION SERVICES was acquired by APPLUS+ GROUP in 2020.

What was the revenue of QPS EVALUATION SERVICES at the time of the deal?

The revenue of QPS EVALUATION SERVICES at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of QPS EVALUATION SERVICES during the acquisition?

QPS EVALUATION SERVICES's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the QPS EVALUATION SERVICES 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 QPS EVALUATION SERVICES 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.appluslaboratories.com/global/en/news/applus+-acquires-qps

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesQPS EVALUATION SERVICES

12/2020

QPS EVALUATION SERVICES acquired by APPLUS+ GROUP

CANADA Industrial Services / TIC (Testing, Inspection, Certification) EV 20M - 50M EUR

Context

Applus+ has acquired 100% of the share capital of QPS Evaluation Services Inc. from its founding partners. The three senior managers of QPS, including the President, have committed to remaining with the business for several years to ensure a smooth integration. The strategic rationale for the acquisition is to significantly increase the global reach of the Applus+ Laboratories division, particularly in the North American and E&E certification markets. By combining QPS’s recognized certification marks with Applus+'s existing electromagnetic compatibility and wireless communication testing capabilities, the group aims to create a comprehensive global solution for manufacturers. The deal allows Applus+ to capitalize on the rapid growth in E&E product regulations and provides QPS with the scale needed for global expansion. This acquisition follows a three-year partnership between the two companies and aligns with Applus+'s strategy of targeting high-margin, technically specialized assets within the TIC sector.

By taking control of Qps Evaluation Services, Applus+ Group continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Besikta Bilprovning in 2020.

QPS EVALUATION SERVICES, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

QPS Evaluation Services Inc. (QPS) is a specialized product certification and testing company serving the industrial, medical, and electrical and electronic (E&E) sectors. Founded in 1994 and headquartered in Toronto, the organization provides technical expertise and accredited resources to enable manufacturers to sell products in over 50 countries. The entity is particularly recognized for its competence in testing equipment used in hazardous locations and explosive atmospheres. With 133 employees and an extensive presence across Canada, the USA, and Europe, as well as an Asian base in South Korea, the group operates an advanced testing laboratory and a recognized certification mark. Its business model is characterized by high barriers to entry and a strong value proposition, focusing on compliance with increasingly complex global regulations for E&E components.

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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
01/2021	SOCIETE GENERALE CAPITAL PARTENAIRES	DELTA SERVICE LOCATION	FRANCE	Equipment Rental
01/2021	KILOUTOU	SALMAT	FRANCE	Equipment Rental
12/2020	SGS	SYNLAB ANALYTICS	GERMANY	TIC (Testing, Inspection, Certification)
12/2020	UTAC CERAM	MILLBROOK	UNITED KINGDOM	TIC (Testing, Inspection, Certification)
11/2020	OUEST CROISSANCE	VAC - HARDOUIN-LOC	FRANCE	Equipment Rental
11/2020	APPLUS+ GROUP	BESIKTA BILPROVNING	SWEDEN	TIC (Testing, Inspection, Certification)
09/2020	APPLUS+ GROUP	RELIABLE ANALYSIS	CHINA	TIC (Testing, Inspection, Certification)
09/2020	EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES)	UTAC CERAM	FRANCE	TIC (Testing, Inspection, Certification)
07/2020	PORTOBELLO CAPITAL	AGQ LABS	SPAIN	TIC (Testing, Inspection, Certification)
07/2020	XEBEC	AIR FLOW	UNITED STATES	Industrial & Technical Distribution

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of QPS EVALUATION SERVICES by APPLUS+ GROUP 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.

Target: qps evaluation services

Acquirer: applus+ group