7Layers acquisition: development in certification of wireless technology
PR Newswire/Les Echos/
7Layers acquisition accelerates Bureau Veritas' development
in testing and certification of wireless and mobile technology
Neuilly-sur-Seine, France, January 04, 2013 - Bureau Veritas has completed the acquisition of 7Layers, a specialist in mobile and wireless electronics testing and certification, headquartered in Germany.
This acquisition positions Bureau Veritas as a global leader in wireless testing, doubling its footprint in a fast growing market. 7Layers' expertise and global coverage complements Bureau Veritas' existing presence within global brands and their supply chains. The wireless testing market will continue to experience significant growth, especially with continued innovation in the Machine to Machine (M2M) and telecommunications sectors.
Since its foundation in 1999, 7Layers has been offering integrated solutions to mobile device manufacturers, suppliers of electronics parts and telecommunication network operators. The company provides testing services to assess security, reliability, functionality and interoperability of a wide range of mobile devices as well as certification services.
Based in Ratingen, Germany, 7Layers employs 220 highly qualified employees and has engineering centers and accredited laboratories in Germany, China, South Korea, and the United States as well as representations in Japan, Taiwan and South Europe. Its 2012 revenue is estimated at EUR24 million.
Didier Michaud-Daniel, Bureau Veritas' Chief Executive Officer, stated:
"We are seeing a proliferation of new products with integrated wireless connectivity. Smart phones and tablets, and smart devices for the automotive and healthcare sectors, or for the home, are creating growing demand worldwide for our services in this strate gic segment. The acquisition of 7Layers is a great opportunity to further strengthen our market position and expertise in the Electrical & Electronics industry."
Oliver Butler, Bureau Veritas' Executive Vice President, Consumer Products, added:
"I am delighted to welcome Dr Hans-Juergen Meckelburg, the President & CEO of 7Layers, his leadership team and all of 7Layers group employees to Bureau Veritas. The combination of 7Layers' technology know-how and our Electrical & Electronics footprint creates a powerful global technical and service delivery network. Our comprehensive offering will support our clients seeking to improve time to market, and supply chain efficiency. It will also enable their products and services to meet the ever increasing demands of a smarter world."
Bureau Veritas is one of the largest worldwide players in testing, inspection and certification of consumer products. The electrical & electronics segment represents around one quarter of the Group's Consumer Products business which also includes the softlines, hardlines and toys segments.
About Bureau Veritas Group
Bureau Veritas is a world leader in con formity assessment and certification services. Created in 1828, the Group has almost 60,000 employees in 940 offices and 340 laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances 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 responsibiity.
Bureau Veritas is listed on the Euronext Paris and belongs to the Next 20 (Compartment A, code ISIN FR 0006174348, stock symbol: BVI). www.bureauveritas.com
Analysts/investors: Press: Claire Plais: +33 (0)1 55 24 76 09 Véronique Gielec: +33 (0)1 55 24 76 01 Domitille Vielle: +33 (0)1 55 24 77 80 email@example.com@bureauveritas.com
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-0- Jan/04/2013 08:12 GMT