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Testing, Inspection, Certification, and Compliance, what is making M&A in this market TICC?

In the ever-evolving landscape of Testing, Inspection, Certification, and Compliance (TICC) services, the UK has witnessed a surge in market growth and mergers and acquisitions (M&A) activity, despite the wider downturn in the deals market in 2023.

Several factors have contributed to the growth of the TICC market in the UK:

  1. Stringent regulations and a focus on compliance are pushing businesses to adopt robust TICC solutions for quality and safety. Additionally, growing board-level awareness of ESG issues is driving organisations to invest in comprehensive TICC services to align with sustainability goals
  2. Businesses acknowledge the vital role of TICC services in maintaining brand integrity. Quality testing, inspection, and certification not only ensure compliance but also foster consumer trust and loyalty
  3. Technological advancements have transformed the TICC sector, opening avenues for growth and efficiency. The integration of AI, data analytics, and automation has improved testing accuracy and speed

The sector has witnessed a high volume of M&A deals in 2023, a selection of these have been highlighted below.


Key TICC Deals  
InflexionCelnor GroupOct-23
Celnor GroupAssurity ConsultingJan-24
BES GroupEngineering Safety Inspection ServicesMay-23
Celnor GroupAPEC EnvironmentalJan-24
BES GroupAlliance InspectionJun-23
Phenna GroupACI ReportsNov-23
Normeci2 AnalyticalMay-23
Socotec UKHutton + Rostron EnvironmentalDec-23
Phenna GroupEville & JonesDec-23
Socotec UKIETG Ltd & 40SevenDec-23


Looking ahead, the M&A market in the TICC sector remains promising, continuing to be attractive to investors seeking long-term value. The fragmentation of the market has been attractive to notable PE backed consolidators BES, Celnor and Phenna. Both private equity investors and trade buyers will be drawn to TICC service companies that exhibit a strong market reputation, high quality of earnings, embrace technological innovation and can demonstrate that as regulations become more stringent, they can navigate and excel in this landscape.


How we can help

If you are a business operating in the TICC sector and would like to discuss further the recent M&A activity to assess your next steps and longer term goals, please get in touch with our specialist Business Services advisory team Ben Barlow and Brett Marsden right here.


The information was correct at time of publishing but may now be out of date.

Corporate Finance
Posted by Ben Barlow
29th February, 2024
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