Applus+ acquires Chinese company EDI to strengthen its presence in the Asian market
The Barcelona-based company Applus+, partially-owned by the Carlyle Group and specialized in automobile technical inspections, reports and certificates, has bought the Chinese company EDI. The transaction, whose cost is unknown, allows the company to increase its capacity in the Asian market. The acquisition of local companies is one of the usual tactics by the Catalan corporation to reach new markets worldwide. Applus+ is present in 65 countries already and most of its revenue comes from international markets. Besides, the operation reinforces Barcelona’s position as an international centre of the automation industry.
Barcelona (ACN).- Applus+, a Barcelona-based company dedicated to technical inspections, reports, certificates and quality controls has bought EDI, specialized in automobile design and engineering. The spokesperson of Applus+ did not want to discuss the cost of the operation so the price remains unknown. Through the transaction the Barcelona-based multinational company partially-owned by the Carlyle Group hopes to consolidate its position in China. EDI focuses its activity on the integral development of vehicle prototypes, from the first design to the final construction process. This reinforces Barcelona’s position as an international centre of the automation industry.
Thanks to this absorption, the division specialized in automation services Applus+ Idiada increases its capacity for customer care for Chinese clients.
This operation is similar to the purchase of Keating in 2000, an American company which allowed Applus+ to enter the US market. The acquisition of local companies is one of the usual tactics by the Catalan corporation to internationalise itself, which is one of the clues to its success. Applus+ is present in 65 countries already and, in 2011, it made €1,206 million turnover, 70% of which came from investments outside Spain.