Duarte, Luís MotaHoock, Moritz Marco2025-08-282025-08-282025-01-24http://hdl.handle.net/10362/187060The Testing, Inspection, and Certification (TIC) industry plays a vital role in ensuring safety, quality, and compliance across sectors. This paper analyzes Applus+ Services, S.A.’s strategic initiatives to drive growth and profitability within the TIC market. Through a combination of product mix realignment, operational improvements, and strategic acquisitions, Applus+ focuses on high-margin segments like Laboratories and Non-Destructive Testing (NDT). The analysis highlights the company’s ability to capitalize on industry megatrends, including sustainability, digitalization, and globalization. By leveraging financial flexibility and operational efficiencies, Applus+ is well-positioned to deliver sustainable value creation and meet evolving market demands.engLBOPrivate equityTICLeverageCapital structureReturnsMarketCompanymaster thesis203991583