Global law firm Dentons has advised Applus+, a world-leading company in testing, inspection and certification, on acquisition of Reliable Analysis, a laboratory focused on materials, component, electrical and electromagnetic compatibility testing. Applus+ has purchased the entire share capital of Reliable Analysis from the company’s founders for an initial consideration of €67 million (plus an undisclosed deferred consideration).
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 team comprised of lawyers from Spain, the US and China advised Applus+ on the cross-border transaction. Partner Diego Pol (Barcelona) acted as relationship partner. Partner Ilan Katz (New York) led the deal in the US, with support from managing associate Gregory A. DiBella (Short Hiills) and partner Stephen D. Libowsky (Chicago), among others. Partner Glen Wei (Shenzhen) and counsel Frank Niu (Beijing) led the work in China.
