M&A Deal Summary

Applus+ Acquires Ingenieria Estudios y Construcciones S.A.

On March 3, 2021, Applus+ acquired engineering company Ingenieria Estudios y Construcciones S.A. from Iberdrola SA

Acquisition Highlights
  • This is Applus+’s 3rd transaction in the Engineering sector.
  • This is Applus+’s 2nd transaction in Spain.

M&A Deal Summary

Date 2021-03-03
Target Ingenieria Estudios y Construcciones S.A.
Sector Engineering
Buyer(s) Applus+
Sellers(s) Iberdrola SA
Deal Type Divestiture

Target

Ingenieria Estudios y Construcciones S.A.

Bilbao, Spain
Ingenieria Estudios y Construcciones, S.A. is an engineering and consulting services company focused on power generation and electrical transmission and distribution (T&D), but also provide services for large civil and industrial construction projects.

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Buyer(S) 1

Buyer

Applus+

Madrid, Spain

Category Company
Founded 1996
Sector Business Services
Employees27,218
Revenue 2.1B EUR (2023)
DESCRIPTION

Applus+ is a global certification company specializing in testing, inspection, certification, and technological services. Applus+ was incorporated in 1996 and is based in Madrid, Spain.


DEAL STATS #
Overall 9 of 24
Sector: Engineering M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Spain M&A 2 of 9
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Adicora Servicios de Ingenieria S.L.

Madrid, Spain

Adicora offers its clients a wide range of capabilities such as detail engineering, design and technical office, programming, systems integration (communications, software, protocols), as well as the coordination of supplies and services in electrical and mechanical installations. Adicora was formed in 1996 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 IMA Dresden

Saxony , Germany

IMA Dresden is a provider of testing center forces in matters of test standards, approval tests and experimental investigations. IMA Dresden was founded in 1993 and is based in Saxony, Germany.

Buy -

Seller(S) 1

SELLER

Iberdrola SA

Bilbao, Spain

Category Company
Sector Electrical Equipment
DESCRIPTION

Iberdrola is a Spanish private multinational electric utility company based in Bilbao, Basque Country. Iberdrola has a workforce of around 31,330 employees in dozens of countries on four continents serving around 31,67 million customers


DEAL STATS #
Overall 5 of 5
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
Country: Spain M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Adicora Servicios de Ingenieria S.L.

Madrid, Spain

Adicora offers its clients a wide range of capabilities such as detail engineering, design and technical office, programming, systems integration (communications, software, protocols), as well as the coordination of supplies and services in electrical and mechanical installations. Adicora was formed in 1996 and is based in Madrid, Spain.

Sell -