Applus+ is pleased to announce the acquisition of the entire share capital of Soil and Foundation Company Limited and Geotechnical and Environmental Company (together 'SAFCO Group') from the founding partners for an initial consideration of USD 30 million (c. €25 million) on a cash and debt free basis.
  • Leading construction testing and inspection services company in Saudi Arabia
  • Strong potential for Applus+ to sell additional services in the region
  • Low capital intensity and accretive margins for Applus+ Group
  • €25 million consideration to be financed from existing liquidity

Read the full announcement here.

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Applus Services SA published this content on 21 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2020 07:26:00 UTC