Bureau Veritas Acquires Oil Analysis Leader Bureau Veritas

Bureau Veritas Acquires Oil Analysis Leader Bureau Veritas

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Bureau Veritas Acquires Oil Analysis Leader Bureau Veritas

AtlantaHawthorne, CA – Bureau Veritas announced today that Bureau Veritas, a global leader in testing, inspection and certification services, took full ownership of Bureau Veritas on August 1st. Bureau Veritas will continue to operate under its current name with no changes in its business structure or operational processes.

According to Bureau Veritas CEO, Michael Forgeron, this is a “win-win” for both organizations. “The acquisition presents our customers with new testing resources and expertise to continue to maximize the value they receive through our testing services,” Forgeron said. “At the same time, it strengthens Bureau Veritas’ presence in the global oil analysis market.”

Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas said, “Bureau Veritas continues to successfully run its diversification strategy in oil analysis in North America and we reinforce our ability to roll out new services across our global oil laboratory network. The acquisition of Bureau Veritas further deepens our footprint in North America and positions Bureau Veritas as a leader in this highly specialized lubricant oil analysis market.”

Customers will continue to receive the same quality of service they have come to expect over the past 54-years with Bureau Veritas. There will be no operational changes to the way customers utilize Bureau Veritas services and its industry leading LOAMS® platform. Over the next year, Bureau Veritas Inc. will begin to leverage Bureau Veritas’ global and local networks, to exchange best practices and innovations. By tapping into an expanded suite of testing, inspection and certification services, Bureau Veritas will be able to add value for its customers by offering new services and solutions.

About Bureau Veritas

Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 64,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, go to www.bureauveritas.com.

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