RELIABLE ANALYSIS HAS BEEN ACQUIRED BY APPLUS+
Birmingham, Michigan – October 2, 2020 – Angle Advisors is pleased to announce that Reliable Analysis, Inc. (“Reliable Analysis” or the “Company”), has been acquired by Applus Services, S.A. (“Applus+”), the global testing, inspection and certification company. Angle Advisors acted as the exclusive investment banking advisor to Reliable Analysis in completing this transaction.
Reliable Analysis is a laboratory-based materials, component, electrical and electromagnetic compatibility (EMC) testing company with over 300 employees primarily serving the automotive industry. It operates from two locations in China and two in the USA and enjoys high EMC testing recognition for electric vehicle powertrains and other components from the global automotive manufacturers.
Reliable Analysis significantly increases the Applus+ footprint in China and its exposure to the fast growth EV market. China is the largest EV market in the world and is expected to grow at a rapid pace over the next several years. Reliable Analysis’ customers include major global and Chinese automotive companies with an increasing number of pure EV manufacturers.
“I’m proud of the business and the reputation we’ve built in the global automotive market and am confident that Applus+ is the right partner to help us continue our growth,” said Alec Lang, President & CEO. “We look forward to working with the Applus+ team as we continue to expand our capabilities to ensure the integrity, reliability, and safety of automotive materials, components, and systems.”
Jordi Brufau, Executive Vice President of the Laboratories Division of Applus+, commented “this acquisition gives us an immediate meaningful presence in the Chinese and North American automotive industry and especially in the highly attractive EV sector and with the integration with our own equally strong capabilities in the European market, we aim to become a global reference to support the research and development and pre-production testing in the automotive industry. We are also pleased to be playing an increasing part in supporting the development of cleaner vehicle transportation.”
Alec Lang added, “I would like to thank the team at Angle Advisors for their invaluable counsel as they guided me through the transaction as a first time seller. They did an outstanding job of running a thorough process and found the right partner to achieve our goals. Their diligence and persistence, global relationships, and transaction expertise proved critical to making this a highly successful transaction.”
Applus+ is one of the world’s leading and most innovative companies in the Testing, Inspection and Certification sector. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety and environmental standards and regulations. Headquartered in Spain, Applus+ operates in more than 70 countries and employs over 23,000 people. Applus+ operates through four global divisions, all of which operate under the Applus+ brand name. Applus+ is listed on the Spanish stock exchanges (Mercado Continuo). For additional information, please visit www.applus.com/en.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm’s professionals have completed 224 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.