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Portfolio Developments
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ANNUAL REVIEW & SUSTAINABILITY REPORT
Applus
is one of the largest leading testing, inspection, certification
and technological services company in the world. The company
is continuing to reinforce its presence in emerging markets,
broadening its service portfolio to the energy industry and further
diversifying its geographical footprint. Applus continues to be
focused on business development through greenfield efforts and
selective bolt-on acquisitions such as the successful acquisition
of EDI, a Chinese company specialised in automotive design
and engineering. The company has recently strengthened its
management team through the design and implementation of a
new organization model. Applus was partially exited in May 2014
when the company was listed on the Madrid stock exchange.
2014 main events
in Services and Concessions
One of the SNAI’s terminal for
the online gaming
During the first quarter of 2014 Investindustrial sold its
shareholdings in both Banca Popolare di Milano and Avincis. In Q2
2014 Applus was listed on the Bolsa de Madrid (APPS.MC).
Cogetech
is one of the leading technology providers
and concession operators in the fast growing Italian
gaming sector and operates one of ten gaming concessions
in Italy. The company’s primary business is the operation and
management of a network of amusement machines, both paid
amusement machines (“AWP”) and video lottery terminals
(“VLT”) which are typically located in bars and betting shops
across Italy. Cogetech is a solid platform to implement a growth
strategy in a fragmented market with strong potential for
consolidation. The acquisition of Ladbrokes Italia contributed to
further diversifying operations into the physical sport and horse
betting segments and to build critical mass to further grow the
existing online platform.
