At what enterprise value was TESTNET ENGINEERING acquired in 2024?

You can find the full valuation details of TESTNET ENGINEERING on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 10M - 30M USD. 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 TESTNET ENGINEERING when it was acquired by UL SOLUTIONS?

The exact EV/EBITDA multiple for TESTNET ENGINEERING 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 TESTNET ENGINEERING acquired by UL SOLUTIONS?

TESTNET ENGINEERING was acquired by UL SOLUTIONS in 2024.

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 TESTNET ENGINEERING 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 TESTNET ENGINEERING 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.ul.com/news/ul-solutions-acquires-germany-based-hydrogen-testing-company-testnet

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Home Database Business ServicesTESTNET ENGINEERING

07/2024

TESTNET ENGINEERING acquired by UL SOLUTIONS

GERMANY Industrial Services / TIC (Testing, Inspection, Certification) EV 10M - 30M USD

Context

The global safety science leader has successfully finalized the acquisition of a specialized German hydrogen testing leader, marking a definitive step in the group's decarbonization and alternative fuels strategy. This strategic transaction represents a significant enhancement of the organization’s technical operational depth in the high-growth hydrogen economy, specifically targeting the automotive and industrial energy sectors. The strategic rationale for the move centers on the acquirer's objective to provide integrated, end-to-end safety validation for hydrogen storage systems and refueling infrastructure.

TESTNET ENGINEERING, which reported an EBITDA margin of in 2024, 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

TesTneT Engineering is a premier technology organization specializing in the safety and performance validation of hydrogen storage components and fuel systems. The entity’s business model is centered on high-expertise testing services, including hydraulic, destructive, and materials testing for high-pressure hydrogen applications. Its value proposition lies in its scientific operational depth, providing mission-critical data to automotive manufacturers and original equipment manufacturers (OEMs) developing hydrogen-powered propulsion systems and refueling infrastructure. Strategically, the firm focuses on the industrialization of alternative fuel technologies, operating specialized laboratory facilities to facilitate the global shift toward decarbonized transportation. By maintaining a leadership position in the high-growth hydrogen economy, the organization ensures a vital role in the transition to sustainable energy systems. The entity prioritizes technical innovation and safety-critical engineering to help navigate the complex regulatory landscapes of low-carbon energy.

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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
10/2024	RIVERSPAN PARTNERS	POLARIS LABORATORIES	UNITED STATES	TIC (Testing, Inspection, Certification)
09/2024	DXP ENTERPRISES	HARTWELL ENVIRONMENTAL CORPORATION	UNITED STATES	Industrial & Technical Distribution
07/2024	Alliance Automotive Group	Eldis	BELGIUM	Industrial & Technical Distribution
07/2024	ASTORG	NORMEC	NETHERLANDS	TIC (Testing, Inspection, Certification)
07/2024	IK PARTNERS	SANSIDOR	NETHERLANDS	TIC (Testing, Inspection, Certification)
05/2024	TDR CAPITAL / I SQUARED CAPITAL	APPLUS+ GROUP	SPAIN	TIC (Testing, Inspection, Certification)
05/2024	LATOUR CAPITAL	SYSTRA	FRANCE	Engineering & Consulting
05/2024	BPIFRANCE / MUBADALA	SOCOTEC	FRANCE	TIC (Testing, Inspection, Certification)
05/2024	ADMIRAL ACQUISITION LIMITED	ACUREN CORPORATION	UNITED STATES	TIC (Testing, Inspection, Certification)
04/2024	DELMAS INVESTISSEMENTS ET PARTICIPATIONS	ACCES INDUSTRIE	FRANCE	Equipment Rental

REFERENCES

Valuation range: EV 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TESTNET ENGINEERING by UL SOLUTIONS 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.