INDIGO completes acquisition of Intero Integrity Services with accurate PPA
INDIGO Acquisition, an indirect subsidiary of investor Rivean Capital, has engaged Match Plan to carry out a Purchase Price Allocation (PPA) following the acquisition of Intero Integrity Services. The valuation of intangible assets was performed in accordance with International Financial Reporting Standards (IFRS) and was crucial for the correct processing of the transaction in INDIGO's financial records as of September 10, 2024. Furthermore, the PPA provides valuable insights into the impact of the acquisition on the company's value.
Reinforcement in industrial inspection
Intero Integrity Services operates globally in the oil, gas, and petrochemical industries and has been providing high-quality inspection, maintenance, and engineering services for over 30 years. The organization specializes in pipelines, storage tanks, and environmental technology, among other areas, and is known for its technological innovations and focus on safety.
With this acquisition, INDIGO strengthens its position in a capital-intensive, technology-driven sector. As an investment vehicle of Rivean Capital, INDIGO focuses on accelerating growth and value creation at leading companies. The strategic alignment with Intero allows the company to further scale and expand its international presence. Intero, in turn, benefits from additional leverage and strategic support.
Clear financial processing thanks to PPA
The valuation included brand name, customer relationships, contract positions, and technology. An accurate PPA is essential for transparent annual reporting and provides a solid foundation for further integration of Intero within the broader Rivean portfolio.
Match Plan delivers tailor-made appreciation
Match Plan carried out the entire valuation process under the leadership of Richard Peeters, Director of Valuation. With years of experience in IFRS valuations and international transactions, Match Plan INDIGO provided a well-substantiated valuation report that is of great value both from an accounting and strategic perspective.
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