Applus+ reinforces its presence in this sector in Latin America, expanding both its network and its services in a key market.
MADRID, March XX 2019. Applus+, the global testing, inspection and certification company, has been awarded with two new statutory vehicle inspection projects, strengthening its presence in a strategic market as Latin America. These projects also allow Applus+ to consolidate its position as one of the world leaders in the statutory vehicle inspection services sector through the Automotive Division.
In Argentina, Applus+ has been licensed to operate and review the service of taxis and commercial vehicles in the city of Buenos Aires. The company will manage this activity with a service station that expects to serve a total of 40,000 taxis and commercial vehicles registered in the city.
In addition, the company will take care of RUTAX, Argentina’s taxi register, as well as the issuance of licenses, issuance of original vehicle documentation, transfers, registrations or renewals, changes to taximeters and suspensions, helping owners and drivers to manage their taxi licences.
In Ecuador, Applus + expands its presence with two new concession contracts by Portovial EP, the mobility and transport company in the municipalities of Portoviejo and Babahoyo. These stations, which the company will begin operating soon, have the operational capacity to serve 200,000 vehicles per year.
In addition, through its Riteve brand in Costa Rica, Applus+ has acquired and equipped two new mobile on-the-road statutory vehicle inspection units, a project that is part of the National Transportation Plan promoted by the Ministry of Public Works and Transportation of Costa Rica, with which the company collaborates. The objective of this initiative is to improve road safety and reduce polluting emissions in the region.
Aitor Retes Aguado, Executive Vice President of the Automotive Division: "these projects consolidate our position as one of the leaders in statutory vehicle inspection in the region. Latin America is a strategic market that has a lot to offer the Group due to its great potential as well as the accumulated experience in the different business lines. From the Automotive Division we want to continue our commitment to this geography.”
About the Applus+ Group
Applus+ is one of the world’s leading testing, inspection and certification companies. It provides solutions for customers in all types of industries to ensure that their assets and products meet health and safety, quality and environmental standards and regulations.
Applus+ operates in more than 70 countries and employs 22,800 people. It operates through four global divisions, all of which provide services under the Applus+ brand. In 2018, Applus+ recorded a total revenue of €1,676 million and an adjusted operating profit of €171 million.
Applus+ is listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges with a total of 143,018,430 shares.
ISIN: ES0105022000
Symbol: APPS-MC
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