MLZ Holding executes PPA for acquisition of Bactoforce International
MLZ Holding, the parent company of Qlip, has completed the acquisition of Bactoforce International, a leading inspection company specializing in stainless steel tanks, silos, and pipelines within the food industry. To process the acquisition correctly financially, MLZ Holding engaged the expertise of Match Plan for a Purchase Price Allocation (PPA). This valuation was essential for accounting treatment and provided insight into the value of the intangible assets.
Expansion in the food industry
Bactoforce International is known for its specialized inspections in the liquid food sector, with clients in the dairy, beer, soft drink, and food ingredients industries. Through this acquisition, MLZ Inspection BV strengthens its market position and further expands its inspection services. The integration of Bactoforce offers new opportunities for innovation and growth within the sector.
Strategic addition to Qlip's expertise
Qlip is a leading player in the field of analysis, inspection, and certification within the dairy chain. The acquisition of Bactoforce aligns seamlessly with the strategy of MLZ Holding and Qlip to further broaden their services. Through this collaboration, they can safeguard quality and food safety within the sector even better and respond to the increasing demands of the market.
Valuation of intangible assets
Match Plan played a crucial role in the valuation of intangible fixed assets, such as brand value, technology, and customer relationships. This detailed analysis was of great importance for the accounting treatment of the acquisition, in line with applicable annual reporting guidelines.
Richard Peeters, Director Valuation at Match Plan, led the valuation process and ensured that MLZ Holding gained a clear insight into the financial impact of the acquisition.
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