M&A Deal Summary

Ricardo Acquires E3-Modelling

On January 25, 2023, Ricardo acquired business services company E3-Modelling

Acquisition Highlights
  • This is Ricardo’s 3rd transaction in the Business Services sector.
  • This is Ricardo’s 1st transaction in Greece.

M&A Deal Summary

Date 2023-01-25
Target E3-Modelling
Sector Business Services
Buyer(s) Ricardo
Deal Type Add-on Acquisition

Target

E3-Modelling

Athens, Greece
E3-Modelling provides consulting services based on large-scale empirical energy-economy-environment modeling using PRIMES, GEM-E3 and Prometheus models. E3-Modelling was founded in 2013 and is based in Athens, Greece.

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Buyer(S) 1

Buyer

Ricardo

Shoreham-by-Sea, United Kingdom

Category Company
Founded 1915
Sector Business Services
Employees2,978
Revenue 445M GBP (2023)
DESCRIPTION

Ricardo is a strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors. Company work extends across a range of market sectors including passenger cars, commercial vehicles, rail, defence, motorsport, energy and environment and are proud to possess a client list that includes transport operators, manufacturers, energy companies, financial institutions and government agencies. Ricardo was founded in 1915 and is based in Shoreham-by-Sea, England.


DEAL STATS #
Overall 3 of 4
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 3 of 4
Country (Greece) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Inside Insights

Adelaide, Australia

Inside Infrastructure is an independent Australian consulting company providing advisory services. The firm provides advisory services to the government, utility (water), and mining sectors. Key skills are in strategy, regulation and policy, planning, technical assessment, investment appraisal, and asset management. Inside Infrastructure was formed in 2010 and is based in Adelaide, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 Aither

Melbourne, Australia

Aither is a provider of consultancy services for water and natural resources. Aither was founded in 2012 and is based in Melbourne, Australia.

Buy -