PR Newswire/Les Echos/
With the acquisition of LVQ-WP, Bureau Veritas
further expands its footprint in Germany
Neuilly-sur-Seine, France, April 02, 2013 - Bureau
Veritas is pleased to announce the acquisition of LVQ-WP, a German group
specializing in non-destructive testing (NDT)(1) and industrial inspection
Founded in 1994, LVQ-WP is headquartered in Muelheim in the
Rhein-Ruhr area, which is a strategic industrial cluster in Germany, and
provides services to the power, process and manufacturing sectors in Germany
and Eastern Europe. LVQ-WP currently has 120 highly qualified employees and
its 2012 revenues totaled around EUR9 million.
In Europe, non-destructive testing and
industrial inspection services represent an attractive market, estimated at
EUR850 million with a growth rate of around 8% per year, in which demand is
driven by the need to maintain the integrity of ageing infrastructure. The
acquisition of LVQ-WP will enable Bureau Veritas to better serve German and
Eastern Europe industries.
Following the acquisition of Pockrandt (NDT), UniCar
Group (automotive inspection), ECL (electrical and electronic product
testing), and 7Layers (mobile and wireless electronics testing), this is the
fifth transaction made by Bureau Veritas in Germany since early 2012.
have significantly strengthened Bureau Veritas' capabilities and service
portfolio on the German market, where the Group now has 950 employees.
(1) Non-destructive testing is a group of analysis techniques used to evaluate
the properties of a material, component or system without causing damage.
About Bureau Veritas
Bureau Veritas is a world leader in conformity assessment and
certification services. Created in 1828, the Group has almost 59,000 employees
in around 1,330 offices and 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 responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index
(Compartment A, code ISIN FR 0006174348, stock symbol: BVI).
Claire Plais: +33 (0)1 55 24 76 09
Domitille Vielle: +33 (0)1 55 24 77 80 Véronique Gielec: +33 (0)1 55 24 76 01
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-0- Apr/03/2013 07:25 GMT
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