With the acquisition of LVQ-WP, Bureau Veritas further expands its footprint in Germany
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 services.
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.
These companies 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).
Contacts Analysts/investors: Press: 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 firstname.lastname@example.org@bureauveritas.com
The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
-0- Apr/03/2013 07:25 GMT