Unwavering TICC market: How the sector remains robust amid economic turbulence
TICC Spot On
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Defying many international trends, the testing, inspection, certification and compliance (TICC) sector has been enjoying a buoyant time recently, with a rise in its average number of monthly M&A deals.
Other features include two case studies of transactions where Oaklins played a key role on the sale side, and an overview of recent trading multiples and valuations.
During the recent period of macroeconomic uncertainty, a situation when the TICC market is generally seen as a relatively safe haven, we observed that the number of TICC transactions actually continued to be above the monthly average of the past few years. In addition, the valuation levels of listed TICC companies remained relatively stable, between 10.0 and 11.5x NTM EBITDA.ARJEN KOSTELIJK, TICC SPECIALIST, OAKLINS
As we explain in our new TICC Spot On report, this is in part thanks to significant interest in the sub-sector that provides TICC services related to clean rooms and controlled environments. We also talk to the CEO of Netherlands-based Sansidor about its thriving buy-and-build strategy, which has seen them complete five acquisitions already this year, and summarize global deals in the TICC sector between March and August.
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