Consolidators drive sustained growth in upbeat TICC market
TICC Spot On
While growth in global M&A activity remained relatively flat during 2024, the testing, inspection, certification & compliance (TICC) sector enjoyed a period of increasing deal numbers, managing to reach figures well above its monthly average of 14.
As our TICC specialist, Arjen Kostelijk, reveals in our latest Spot On, this is in good part due to a flurry of transactions closed by big consolidators, such as Celnor, Certania, Phenna Group and SOCOTEC. As strategic buyers, these companies are actively seeking to expand their portfolios through these acquisitions, many of which are focused in Europe.
The number of deals in the TICC sector has seen a notable increase recently, largely driven by acquisitions from major consolidators actively expanding their portfolios. After a temporary decline, valuation levels are steadily climbing, nearing previous multiple highs. This upward trend reflects strong market confidence and the sector’s robust fundamentals.ARJEN KOSTELIJK, TICC SPECIALIST, OAKLINS
You can also read an interview with Jon Harrison, Group Head of Corporate Development at Phenna Group. Since its creation, just seven years ago, Phenna has become a major international TICC player and, as Jon explains, it plans to continue its rate of growth while still offering a partnership approach to the businesses it acquires.
In addition, our report features a summary of the numerous deals closed between June and December last year, as well as various case studies of transactions where Oaklins played an advisory role.
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