Normec reaches over €2 billion valuation

10 Jul 2024

Amsterdam, Wednesday, July 10 – Normec, a market leader in the TICC sector (Testing, Inspection, Certification, Compliance), has been acquired for an amount exceeding €2 billion. This transaction is financed through a combination of refinancing and a capital injection of €1.4 billion, raised by the pan-European investment fund Astorg. Normec will continue its acquisition strategy in Europe and is also exploring expansion opportunities in the United States.

Since its founding in 2016 by CEO Joep Bruins, Normec has developed into a leading European provider of testing, inspection, certification, and compliance services. The company now has over 5,000 employees across six European countries and has experienced impressive growth. With Astorg as a major shareholder, Normec has more than quadrupled in size over the past few years, thanks to an aggressive acquisition strategy with more than 12 acquisitions in the past year. 

The TICC industry is highly fragmented, with approximately 70% of the market in Europe being privately owned. Through strategic acquisitions, Normec aims to increase its impact by creating a safer, more livable, and better world with its people and services. 

Commitment to Quality and Safety 

Personal interactions and client relationships within the knowledge-intensive TICC industry are central to Normec. "We ensure the highest standards of quality and safety by deploying the best professionals and utilizing top-tier materials. This enables us to deliver precise analyses, thorough testing, and expert advice," says Bruins. In an increasingly automated and standardized world, Normec remains focused on our clients with the strength of its business units and the specialists who drive their success 

The Amsterdam-based company continues to innovate within the four sectors in which it operates: Foodcare, Life & Safety, Healthcare, and Sustainability. All four sectors in which Normec is active are growing faster than the industry average. A testament to this success is Normec’s market leadership in Europe in PFAS and pesticide analyses, where it collaborates with clients to address critical issues 

Italy, Spain, and the US 

Normec sees significant potential in Europe and aims for leading positions in each sector. New markets such as Italy and Spain are being explored, while expansion into the United States could almost double the market potential. “We are proud of the growth and collective achievements of the Normec team and look forward to continuing our successful collaboration with Astorg. This transaction enables us to strengthen our pan-European position and support our international expansion,” concludes Bruins. 

For media inquiries: 

Anouk Wouda, Corporate Communications Specialist 

+31 62 83 40 468 


Niels Langereis, Director of Marketing & Communications 

+31 63 19 14 529 

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