A consortium including The Carlyle Group and Spanish bank Caixa Catalunya has bolted on MB Inspection in a trade buy for Spanish certification company Applus for an undisclosed sum.
Applus acquired MB Inspection from Motherwell Bridge. The testing company services UK petrochemical, chemical and energy companies.
It has a turnover of €35 million ($51.8 million) operating from five offices in Scotland and England.
The Carlyle consortium bought Applus for €1.5 billion in July. The Spanish company had revenues of €546 million in 2006. In the year prior to acquisition Applus independently bolted on numerous chemical and energy inspection companies: Vantage and DCI in the Netherlands, PNDT in Australia, and RMI in Norway.
This chemical testing division has been growing rapidly at Applus since the company acquired the Dutch RTD Group in April 2006. It currently produces more than 25 percent of the company’s overall turnover experiencing strong growth.
At the time of acquisition Carlyle singled out Applus’s US vehicle inspection division and its chemical testing division as ripe for further add-on acquisitions in Europe and the US.