Madrid, 9th May 2018. Applus+, has acquired a majority position of KARCO Engineering, LLC., a company based in the city of Adelanto, California, which provides engineering and testing services, mainly in the field of passive safety for the Automotive industry.
KARCO is an independent crash test laboratory and automotive research centre devoted to providing research and development, design evaluation, compliance, certification, and highway testing services. The company has a talented and experienced team of experts that have participated in thousands of tests, spanning over 35 years of automotive research, crash testing and evaluation.
This acquisition is an important step forward in the Group´s strategy for Applus+ IDIADA to expand its geographic reach by strengthening its position into the United States especially in the fields of active and passive safety testing and engineering according to US requirements. Furthermore, there will be mutual benefit from the sharing of technology and ideas.
Applus+ IDIADA has been established in the United States in the Detroit area since 2011, providing engineering consultancy services to the automotive industry.
About the Applus+ Group
Applus+ is one of the world’s leading and most innovative companies in the testing, inspection and certification sector. 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 20,700 people. Applus+ operates through four global divisions, all of which provide services under the Applus+ brand. In 2017, Applus+ reported revenue of €1,583 million and an adjusted operating profit of €143 million.
Applus+ is listed on the Spanish stock exchange (Mercado Continuo) with a total of 143,018,430 shares.
ISIN: ES0105022000
Symbol: APPS-MC
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About Applus IDIADA
With over 25 years of history, Applus IDIADA is a leading engineering company providing design, testing, engineering and homologation services to the automotive industry worldwide. Applus+ IDIADA has more than 2,300 engineers specialized in vehicle development drawn from over 28 different countries. The headquarters, composed of a 360-hectare main technical centre which includes its own proving ground and a comprehensive set of laboratories, is located near Barcelona, Spain. The company also has an international network of subsidiaries and branch offices in 25 countries, ensuring its clients receive fast and customized services.