This transaction is in line with the active portfolio management announced in the Applus+ Strategic Plan to focus on portfolio mix quality-improvement.
“I want to express my gratitude to all the employees at Applus+ Technologies for their dedication and loyalty all these years. I am sure they, alongside the new owners, will continue to successfully provide this important service in the US for many years to come”, says Aitor Retes, EVP of Applus+ Automotive.
“I am pleased to say that this transaction went smoothly and represents a good outcome for all concerned. I wish all the employees at Applus+ Technologies the very best for the future. For us, this is another step forward in the execution of our 2022-2024 Strategic Plan”, says Joan Amigó, CEO of Applus+.
Applus+ Technologies employs 260+ people and manages vehicle inspections that take place in over 2,500 centres in the US. Its main services are performing and managing vehicle inspections under state and EPA regulation in six states: Illinois, Massachusetts, Georgia, Utah, Idaho and New York. It also carries out ad-hoc information technology service projects for government agencies in New York, Texas and South Carolina. Revenue for the full year of 2022 was c. €37 million.
Applus+ Investors contact:
+34 93 5533 111 - firstname.lastname@example.org
About the Applus+ Group
Applus+ is a worldwide leader in the testing, inspection and certification sector for its technical capabilities, innovative approach, and its workforce of over 25,000 employees in more than 70 countries. It is a trusted partner, enhancing the quality and safety of its clients’ assets and infrastructures while safeguarding their operations.
The company sets ESG (Environmental, Social and Governance) targets every year and monitors their fulfilment. These actions have attracted external recognition from: S&P Global (54, 81% percentile), Sustainalytics (15.6, “Low risk”), MSCI ESG Ratings (AA), from the CDP (B), from Gaïa (71/100), from Standard Ethics (EE+, “Very Strong”), and the inclusion of Applus+ within the FTSE4Good Index Series of Ibex.
For more information visit www.applus.com