Technical Inspection Services (UK) Ltd acquired by Applus+
Technical Inspection Services (UK) Ltd
Sector: Non-destructive Testing
Activities: Onsite NDT services, particularly to the Nuclear sector.
Deal type: Sale
Details: Advisor to Vendor
Transaction Originated, Negotiated and Structured by:
Summary of Business being invested in
Founded in 1981, TIS serves the power generation, aerospace and industrial sectors. The company provides a range of onsite NDT services but is unique in its ability to perform NDT inside nuclear reactor vessels during planned shutdowns.
TIS has also invested in a laboratory which is the closest full capability NDT facility to Hinkley Point.
The company’s client base includes nuclear & conventional power generating companies, operators and builders of waste2energy plants, aerospace component manufacturers and general engineering/fabrication companies.
Premier marketed the business to strategic acquirers, who would gain the most synergies from the acquisition, generating strategic valuations for the business.
Premier assisted with bidder selection and provided strategic and financial guidance throughout the sale and legal negotiation process, right up to deal completion.