NMi Bolsters Certification Capabilities with ExVeritas Acquisition
Deal News | Nov 05, 2024 | Levine Leichtman Capital Partn
Netherlands Measurement Institute (NMi), a company within the portfolio of private equity firm Levine Leichtman Capital Partners (LLCP), announced its acquisition of ExVeritas Ltd. ExVeritas is a renowned certification entity specializing in safety certifications for people and products, serving Original Equipment Manufacturers (OEMs) with services that facilitate both national and international market entry. This acquisition aligns with NMi's strategic objective of expanding its certification offerings, which now include Metrology, Cybersecurity, and Product Safety. The addition of ExVeritas complements NMi's existing capabilities and extends its reach through ExVeritas's facilities in the UK, US, Denmark, Malta, and Ireland. Josh Kaufman from LLCP expressed enthusiasm for this transaction as it fits within the firm's broader acquisition strategy and opens doors to numerous attractive market opportunities.
Sectors
- Certification and Testing Services
- Private Equity
Geography
- Netherlands – The country where NMi, the acquirer in this transaction, is based.
- United Kingdom – ExVeritas, the acquired company, has significant operations in the UK.
- United States – One of the countries where ExVeritas operates its test facilities, impacting its strategic market access capabilities.
Industry
- Certification and Testing Services – This industry encompasses companies that provide testing, inspection, and certification services to ensure that products, systems, and personnel comply with various standards and regulations. ExVeritas operates within this industry.
- Private Equity – This sector involves firms like Levine Leichtman Capital Partners that manage funds to acquire and invest in companies, providing them with the capital needed for growth, often including facilitating strategic acquisitions like that of ExVeritas by NMi.
Financials
- – No specific financial figures related to the acquisition deal are provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Netherlands Measurement Institute (NMi) | Acquirer | Company | A leading measurement and certification service provider, under the ownership of Levine Leichtman Capital Partners. |
| Levine Leichtman Capital Partners (LLCP) | Private Equity Firm | Company | A private equity firm managing the portfolio to which NMi belongs, facilitating its strategic acquisitions. |
| ExVeritas Ltd. | Target | Company | A certification body focused on product safety and market access services for OEMs, now acquired by NMi. |
| Josh Kaufman | LLCP Representative | Person | Head of Europe at LLCP, involved in supporting NMi's acquisition strategy. |
| Yvo Jansen | NMi Group CEO | Person | Chief Executive Officer at NMi, overseeing the acquisition. |