Applus/APEM Group
Transaction details
The proposed acquisition by Applus Services, S.A., through Salix Bidco Limited, of sole control of APEM Group Limited has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:28 September 2025
- Publication date:28 September 2025
- Economic sector:Professional, scientific & technical activities - N
- Economic sub-sector:Head office & consultancy - N.70
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.25.061 Merger AnnouncementPDF | 137 KBM.25.061 Merger Announcement PDF | 137 KB - Opens in new window
M.25.061 DeterminationPDF | 220 KBM.25.061 Determination PDF | 220 KB - Opens in new window
Timetable
Parties Involved
Applus Services, SA
Applus Services, SA is headquartered in Madrid, Spain, and provides testing, inspection, and certification services across various sectors, including automotive, energy, industry, construction, and transportation.
Applus Services, SA is jointly controlled by I Squared Capital Advisors (US) LLC and TDR Capital LLP.
I Squared Capital Advisors (US) LLC
I Squared Capital Advisors is a fund manager headquartered in the USA, which invests in energy, utilities, transport and telecom projects in Asia, Europe, and America.
TDR Capital LLP
TDR Capital LLP is a private equity firm headquartered in the United Kingdom, which invests in various sectors including motor fuels, retail, gyms and health clubs, testing, inspection and certification.
APEM Group Limited
APEM Group Limited is an environmental consultancy firm headquartered in Stockport, United Kingdom. It provides sustainable development and regulatory compliance support through activities such as digital aerial wildlife surveys and environmental impact assessments.
Contacts

