Applus+

Applus+ Overview

Company Headquarters: Madrid

Founded: 1996

Workforce: ~ 25,000

Company Working: Applus+ is a leader in the testing, inspection, and certification sector. Applus+ is a trusted partner, enhancing the quality and safety of clients’ assets and infrastructures while safeguarding their operations and improving their environmental performance. Its innovative approach, technical capabilities, and highly skilled and motivated workforce assure operational excellence across multiple sectors in more than 70 countries. Applus+ offers a complete portfolio of solutions that address a range of needs, from asset integrity management to statutory compliance-based inspections. It places a strong emphasis on technological development, digitalization, and innovation, as well as having the latest knowledge of regulatory requirements.

Strategy

Applus+ is focused on offering services and solutions in wind, solar, and energy services. It is focused on offering solar consulting, solar engineering, and wind services, wind engineering. It is focused on providing its clients with innovative and sustainable business solutions for their growth and helps in the smooth functioning of the business. It is focused on collaborating with other organizations to foray into new businesses and occupy a larger market share.

Company Snapshot

$1.67M

Revenue

25,000

Employees

1996

Founded

Madrid

Headquarters

SWOT Analysis

Strengths

Diversified services offerings in renewable energy
Offers services in more than 65 countries

Weaknesses

Unable to occupy large market share
Less strategic collaborations

Opportunities

Growing Renewable energy and data services industry

Threats

Rapid technological changes

Key Developments

Date	Approach	Development
May 2023	Participation	Applus+ participated in discussion forums and plays an important role in technological research, inspection, and monitoring of renewable energy infrastructures (biomass, biofuel, onshore and offshore wind energy, photovoltaic energy, and green hydrogen).
April 2023	Collaboration	EVARM, PreZero, and Applus+ IDIADA collaborated to develop a hydrogen-powered urban waste collection vehicle prototype.
March 2023	Agreement	Applus+ announced that it has signed an agreement to sell 100% of the non-destructive asset testing and inspection business and operations in the US that served primarily the oil and gas industry.
June 2022	Agreement	Intelligent Energy (IEL) and Applus+ IDIADA have signed an agreement to collaborate on Hydrogen Fuel Cell development projects for automotive applications.

Financial Performance

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