Add-on Acquisition • Renewable Energy

Applus+ Acquires Enertis

On July 5, 2021, Applus+ acquired renewable energy company Enertis

Acquisition Context

This is Applus+’s 1st transaction in the Renewable Energy sector.
This is Applus+’s 3rd transaction in Spain.

Explore All 405 Add-on Acquisition Renewable Energy Deals - Search the Database Free

M&A Deal Summary
Date	July 5, 2021
Target	Enertis
Sector	Renewable Energy
Buyer(s)	Applus+
Deal Type	Add-on Acquisition

Target Company

Enertis

Madrid, Spain

Enertis is an engineering, consulting, testing and inspection services company for the provision of quality control and assurance for the solar photovoltaic industry, and has since then grown very rapidly to be globally recognized for solar projects and energy storage, having worked on more than 2,500 projects for an installed power base of 135GW. Enertis has around 200 employees in 13 offices with projects successfully completed in 65 countries, with Spain, the USA, and Latin America is the three main regions where it operates. Enertis was formed in 2007 and is based in Madrid, Spain.

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Buyer Overview 1

Buyer

Applus+

Madrid, Spain

Category	Company
Founded	1996
Sector	Business Services
Employees	27,218
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 Context for Buyer	#
Overall	11 of 24
Sector: Renewable Energy	1 of 1
Type: Add-on Acquisition	8 of 21
Country: Spain	3 of 9
Year: 2021	4 of 4

PREVIOUS 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	-

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

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-02-11	Lightship Security Ottawa, Ontario, Canada Lightship Security is a provider of product certification services. Lightship cybersecurity laboratory that specialises in certifying connected products for a growing client base of leading product manufacturers in North America and internationally. Lightship Security was founded in 2015 and is based in Ottawa, Ontario.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-02-11

Lightship Security

Ottawa, Ontario, Canada

Lightship Security is a provider of product certification services. Lightship cybersecurity laboratory that specialises in certifying connected products for a growing client base of leading product manufacturers in North America and internationally. Lightship Security was founded in 2015 and is based in Ottawa, Ontario.

Buy

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