BUREAU VERITAS : reinforces its presence in Germany with two acquisitions
06/06/2012| 01:22pm US/Eastern
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PRESS RELEASE
Bureau Veritas reinforces its presence in Germany with two
acquisitions in automotive inspection and electrical and
electronic product testing
Neuilly-sur-Seine, France, June 6, 2012 - Bureau
Veritas is pleased to announce it has completed two
acquisitions in Germany: UniCar Group, a company
specialized in automotive inspection services and
European Compliance Laboratory (ECL), an electrical and
electronic product testing laboratory. Since the beginning of
the year, the Group has therefore acquired three new
companies in Germany, including Pockrandt, totaling €14
millionin annual revenue.
Didier Michaud-Daniel, Bureau Veritas' Chief Executive
Officer, stated:
"Germany is a key country for Bureau Veritas where it is
already active in the industry, maritime and consumer goods
sectors. The Group intends to expand significantly in the
power, automotive and electronics markets, given the weight
of these industries in Germany. With these new acquisitions,
we can now offer a larger service portfolio to German
customers and we have increased our capabilities in
attractive segments."
UniCar Group
UniCar was founded in 1979 and has its operational
headquarters in Bremen. It provides car fleet quality control
services throughout the supply chain. The company inspects
new vehicles during transportation between manufacturing
plants, storage sites and port terminals. These services are
aimed at manufacturers, logistics companies, car rental
companies and insurance companies. They are designed to
verify the quality of vehicles and reduce the risk of
damage.
UniCar has more than 150 employees and operates in over 60
ports worldwide. In 2011, it generated revenue of nearly €8
million.
Expansion in vehicle inspection services is part of the
Group's development strategy. With this acquisition, Bureau
Veritas has strengthened both its positions in this field of
activity and those in Germany, where the automotive industry
is the third-largest worldwide and accounts for nearly half
of the country's exports.
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ECL
Founded in 1987, European Compliance Laboratory (ECL) was
previously a branch of the German personnel and process
service provider TEMPTON Group. Based in Nuremberg, ECL is
specialized in safety, reliability and electromagnetic
compatibility testing of electrical and electronic products
and offers calibration services. Its services are primarily
intended for manufacturers of industrial and consumer
electrical products, telecommunications equipment and medical
devices, as well as for automotive manufacturers and
suppliers.
ECL has 15 highly qualified employees and state-of-the-art
equipment, especially anechoic chambers used for
electromagnetic tests. In 2011, revenue totaled €2
million.
Germany is the largest European market for electrical and
electronic products. This acquisition enables the Group to
increase its footprint in Germany and to reinforce its
technical capabilities in electronics for the automotive and
telecom sectors.
About Bureau Veritas Group
Bureau Veritas is a world leader in conformity assessment and
certification services. Created in 1828, the Group has more
than 54,000 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 responsibility.
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
Contacts
Analysts/investors:
Claire Plais: +33 (0)1 55 24 76 09 finance.investors@bureauveritas.com
Press:
Véronique Gielec: +33 (0)1 55 24 76 01 veronique.gielec@bureauveritas.com
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