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Barcelona, 1 July 2008
Applus+, one of the ten largest certification companies and the top Spanish multinational in that area, announces today the acquisition of JanX Integrity Group (“JanX”), a US market leader in non-destructive testing and inspection (NDTI). JanX will be integrated in Applus RTD, the largest NDTI provider worldwide, strengthening its strategic position and increasing its service offering in the US. This operation will allow Applus+ to reach revenues of 100M USD in the United States.
This acquisition fits in the growth and consolidation policy stated by the strategic plan and approved by the new shareholders. This program is based in three pillars: leadership, growth and profitability.
SECOND ACQUISITION
This is the second acquisition since The Carlyle Group and a consortium led by Caixa Catalunya took over the majority of the company last November. Applus+ started 2008 buying MBI, UK nondestructive testing leader.
JanX and MBI operations reinforce Applus+ strategy of taking over leading companies to complete its services portfolio or strengthen its presence in strategic regions.
US LEADER
JanX is a leading NDT company in the US with a blue chip client base, including pipeline operators, refineries and chemical plants and has more than 200 unionized employees. JanX’s headquarters are located in Parma, Michigan, with 14 supporting offices throughout the U.S.
JanX is primarily focused on the on-shore pipeline markets offering high quality X-Ray based testing, pipeline integrity services, project management and consultancy services. John Newland, founder and director of JanX, will continue to manage the operations of the company and will become part of the Applus RTD senior management team in the US.
“International expansion in key regions such as North America is an important element of our strategic plan,” explains Applus+ CEO, Joaquim Coello. “JanX acquisition will strengthen Applus RTD position as market leader, increasing its service offering and enlarging its first-level client base”.
Rob van Doorn, director of Applus RTD highlights the strategic importance of the acquisition. “The accumulation of pipeline work in the US has led customers to look for vendors that can provide high-level services and the capability to complete big projects. Applus RTD has a strong reputation in the US offshore markets and the Canadian land-based market, where we are already market leader. The incorporation of a well-established local company, such as JanX, will allow us to increase our client base, responding in a positive way to their demands.”
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