Dentons advises Applus+ on Reliable Analysis acquisition for €67m
Dentons has advised Spain´s Applus+ on its purchase of the entire share capital of Reliable Analysis from the company’s founders for €67 million (plus an undisclosed deferred consideration)
Applus+, a world-leading company in testing, inspection and certification, has purchased Reliable Analysis, a laboratory focused on materials, component, electrical and electromagnetic compatibility testing.
The transaction represents a significant increase of Applus+ Laboratories division’s presence in the Chinese market and strengthens its leading position in the field of electric vehicle testing. Based in Spain, Applus+ Laboratories is present in 11 countries across Europe, Asia and North America. Reliable Analysis is a US-based company with facilities in Michigan as well as in Shanghai and Liuzhou, China.
A Dentons´ cross-border team formed by lawyers from Spain, the US and China advised Applus+ on the transaction. Barcelona office partner Diego Pol (pictured), co-chair of the Europe Compliance practice and head of the Compliance practice in Spain, acted as relationship partner, New York office partner Ilan Katz led the deal in the US, with support from Short Hills office managing associate Gregory A. DiBella and Chicago partner Stephen D. Libowsky, among others. Shenzhen office partner Glen Wei and Beijing office counsel Frank Niu led the work in China.