• Founded in 2015 by Jules Luternauer and Maxence Boyenval, Horizon Data Services (HDS) is a leading provider of Non-Destructive Testing (NDT) services for nuclear power plants in France
  • HDS’ approach synergistically combines innovative digital solutions, proprietary equipment, and focus on customer satisfaction
  • Normec – owned by French private equity firm, Astorg – is a leading organization in the Testing, Inspection, Certification, Compliance (TICC) industry with 30 offices across Europe, focusing on foodcare and life, safety & environment (LSE)


  • DC Advisory acted as exclusive financial advisor to the shareholders of HDS on its sale to Normec
  • DC Advisory provided comprehensive assistance throughout the sell-side advisory process, which included negotiation support, valuation analysis and strategic support
  • DC Advisory conducted a competitive process with a limited number of strategic buyers, pre-qualified according to their suitability and appetite for HDS


  • This transaction closed on September 4, 2023, Normec acquired HDS alongside the founders
  • HDS’ management team, led by its founders, will remain fully involved and will continue to lead HDS’ development as part of Normec
  • This partnership will fuel HDS’ rapid development with an objective to broaden the range of services offered through internal and external growth opportunities
  • This transaction further illustrates DC Advisory’s expertise and bolsters its credentials in the Business & Tech-Enabled Services sector