At what enterprise value was RELIABLE ANALYSIS acquired in 2020?

During the acquisition of RELIABLE ANALYSIS by APPLUS+ GROUP in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. 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 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of RELIABLE ANALYSIS when it was acquired by APPLUS+ GROUP?

The exact EV/EBITDA multiple for RELIABLE ANALYSIS is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was RELIABLE ANALYSIS acquired by APPLUS+ GROUP?

RELIABLE ANALYSIS was acquired by APPLUS+ GROUP in 2020.

What was the revenue of RELIABLE ANALYSIS at the time of the deal?

The revenue of RELIABLE ANALYSIS at the time of the deal is estimated to be in the range of 10M - 30M 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 RELIABLE ANALYSIS 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 RELIABLE ANALYSIS 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-reliable-analysis

← DATABASE

Home Database Business ServicesRELIABLE ANALYSIS

09/2020

RELIABLE ANALYSIS acquired by APPLUS+ GROUP

CHINA Industrial Services / TIC (Testing, Inspection, Certification) EV 50M - 150M EUR

Context

Applus+ has successfully finalized the acquisition of 100% of the share capital of a laboratory-based testing specialist, marking a significant reinforcement of its leadership in the electric vehicle (EV) testing segment. This strategic transaction represents a definitive move to gain immediate entry into the Chinese automotive market, currently the largest and fastest-growing EV ecosystem globally. The strategic rationale for the move centers on the acquirer's objective to integrate specialized electromagnetic compatibility (EMC) and powertrain testing capabilities into its global Laboratories division.

RELIABLE ANALYSIS, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Reliable Analysis is a specialized technology organization dedicated to the laboratory-based testing of materials, components, and electromagnetic compatibility (EMC). The entity’s business model focuses on high-precision validation for the automotive sector, with a specific expertise in electric vehicle (EV) powertrains and complex electronic systems. Its value proposition is anchored in technical operational depth, ensuring that high-specification components meet global safety and performance standards. Strategically, the firm operates in high-growth corridors, utilizing its specialized infrastructure in North America and China to support major global manufacturers. By integrating advanced electrical analysis with standardized chemical and material testing, the organization facilitates the rapid commercialization of next-generation mobility solutions. The entity emphasizes technical innovation to address the rising complexity of intelligent vehicles and sustainable energy storage systems.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2019

2018

Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2020	OUEST CROISSANCE	VAC - HARDOUIN-LOC	FRANCE	Equipment Rental
11/2020	APPLUS+ GROUP	BESIKTA BILPROVNING	SWEDEN	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
06/2020	ASTORG	NORMEC	NETHERLANDS	TIC (Testing, Inspection, Certification)
04/2020	CINVEN / ASTORG	LGC GROUP	UNITED KINGDOM	TIC (Testing, Inspection, Certification)
02/2020	KILOUTOU	LOCAMODUL	FRANCE	Equipment Rental
01/2020	BOELS RENTAL	CRAMO	FINLAND	Equipment Rental
12/2019	CLAYTON, DUBILIER & RICE (CD&R)	SOCOTEC	FRANCE	TIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RELIABLE ANALYSIS 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.

Acquirer: applus+ group