SPAIN – Applus+ to invest EUR 450m in acquisitions
Carlyle-owned Applus+ has set aside EUR 450m for acquisitions. The company aims to increase its presence worldwide and strengthen those sectors in which it is already present. The investors plan to double the company’s sales and the EBITDA by 2011 and reach a profit ratio of 18% ahead of the currently reported 15%.
Barcelona-based Applus+ specialises in inspection, certification and technology services for vehicles. Applus+ was acquired by Carlyle in August 2007. Projections for 2007 turnover are estimated at EUR 665m with an EBITDA of EUR 113m.
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