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RELIABLE ANALYSIS

Acquired by

APPLUS+ GROUP

CHINA Industrial Services EV [1m EUR - 100m EUR] 09/2020

Target

RELIABLE ANALYSIS

Acquirer

APPLUS+ GROUP

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.

The transaction values RELIABLE ANALYSIS at an EV/Revenue multiple of LOGIN.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.3x since the beginning of 2026, a stable level compared to 2025. 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

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2019
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2018
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Other operations with RELIABLE ANALYSIS

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.