Prieto and Honorato Delaveau advised on the transaction
The Laboratories Division of Applus+, one of Spain’s market leaders in metrology and industrial calibration, executed the acquisition of LEM.
LEM has 10 regional offices that will join the Applus+ network, enabling us to provide increasingly local services throughout the Iberian peninsula.
The acquisition follows two other recent acquisitions, of companies based in Madrid and Navarra, and broadens the geographical reach of Applus+ in Spain in this sector.
LEM has 10 regional offices throughout Spain (with a presence in 8 of its 17 autonomous communities). These offices serve as centres of operations from which to provide on-site metrological services. By joining the existing Applus+ network of laboratories and mobile units, they will help us to provide an increasingly local service.
Founded in 1997, LEM employs 34 people and boasts a solid portfolio of clients across the country. It has a turnover of around €2.5 million. LEM specialises in measuring equipment that is subject to statutory metrological controls, such as fuel dispensers and weighing instruments.
Applus+ is one of the world’s leading testing, inspection and certification companies. It provides solutions for customers in all types of industries to ensure that their assets and products meet health and safety, quality and environmental standards and regulations.
Applus+ operates in more than 70 countries and employs 22,800 people. It operates through four global divisions, all of which provide services under the Applus+ brand. In 2018, Applus+ recorded a total revenue of €1,676 million and an adjusted operating profit of €171 million.
Applus+ is listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges with a total of 143,018,430 shares.
Prieto advised Applus Servicios Tecnológicos SLU with a team including Fernando Bravo (Picture), José Andrés Pascual, Alejandra Bañados and Francisca Videla.
Honorato Delaveau advised INVSEFF S.A. and SEFF Inversiones SpA with Gonzalo Delaveau, Matías Langevin and Antonia Silva Menares.
Involved fees earner: Gonzalo Delaveau – Honorato Delaveau y Cía; Matías Langevin – Honorato Delaveau y Cía; Antonia Silva Menares – Honorato Delaveau y Cía; Alejandra Bañados – Prieto; Fernando Bravo – Prieto; José Andrés Pascual – Prieto; Francisca Videla – Prieto;