GAPAVE, the association which owns Apave Group (Apave), a specialist in the field of technical, environmental, human and digital risk management, is in exclusive negotiations with PAI Partners, a European private equity firm, whereby PAI would become a shareholder of Apave alongside GAPAVE.

Following the transaction, GAPAVE would remain the Group’s largest shareholder.

For 150 years, Apave has evolved to meet major technological changes and advancements head-on, developing expertise in guaranteeing the safety of people, of goods, of production assets and of the environment. In a growing TIC (testing, inspection, certification) market that must integrate the challenges of digital, industrial and energy transitions, Apave’s ambition is to accelerate its development in a targeted manner to become one of the world’s top five sector leaders by 2025 in Industrial Goods/Manufacturing, Energy, Transport and Infrastructure & Construction.

This ambition is set out in the Group’s new 2021-2025 strategic roadmap, which was announced in February 2021. The roadmap is based on several fundamental pillars including performance, growth, innovation, and digital technology, and will enable Apave to become a global leader in the risk management industry.

Read more/Source: Private Equity Wire