Energy transition-related TIC market set to consolidate

TIC Spot On

The TIC market has long been popular with private equity investors, but in recent times, their M&A activity in this market has notably increased even further. As our latest Spot On focusing on the industry shows, this fact, coupled with growing attention on energy transition-related TIC services as sustainability becomes an increasingly global trend, means this is a key time for the sector. Other significant events and the outlook going forward for TIC are also explored in the report.

We see the sustainability trend also gaining ground in the TIC market, as consolidators seek to add energy transition-related TIC services by acquiring niche players from this part of the industry. ARJEN KOSTELIJK, TIC SPECIALIST, OAKLINS

Additionally, we provide a summary of relevant transactions from the past months, divided into three key sub-sectors. Our case study in this issue looks at the acquisition of Advipro, a Belgium-based engineering and consulting service provider focused on GxP in the life sciences industry, by Normec, the holding company of the Normec Group, which is active in the field of testing, inspecting, certification and compliance. Different Oaklins teams provided advice and support at key stages of this deal to the shareholders of Advipro.