In February 2019, Worms Safety successfully completed its acquisition of Qualspec Group, an Australia-headquartered testing, inspection and audit company, with main operations in China

Pickering Pacific acted as exclusive financial advisor to Worms Safety on this transaction.

Worms Safety is a global alliance of quality management specialists in specific product categories that enables customers to meet their compliance goals and manage business disruption risks through inspection, testing, auditing, certification, technical assistance, and training services. It has presence in more than 77 countries with more than 1,400 employees worldwide.

Qualspec Group is an Australia-headquartered group that provides testing, inspection and auditing services for the textile industry. Qualspec Group has its main operations in China including its two testing laboratories.

You can access the press release here.