Wendel welcomes the acquisition of Analysts by Bureau Veritas, becoming thus a leader in oil condition monitoring in North America.

This American specialist in oil condition monitoring offers oil testing services to production machinery, manufacturing equipment, power generation, marine, heavy construction, mining, trucking, transit and aircraft industries. Their oil analysis programs give equipment managers recommendations to effectively assess equipment condition, plan maintenance schedules, prevent breakdowns and maximize up-time.

Established in 1960, Analysts is based in Los Angeles, California, and operates four laboratories in the United States. Analysts also operates in Mexico and Japan through joint ventures. The company employs around 190 people and with reported revenues in 2013 of approximately EUR 11M (USD 15M).

With this operation, which takes place few months after the acquisition of Maxxam in Canada, Bureau Veritas continues to run its diversification strategy in oil analysis in North America, reinforces its footprint in North America and promotes the deployment of new services into its global network of laboratories.

This transaction will contribute positively to Bureau Veritas long-term value creation. Wendel is the main shareholder of Bureau Veritas with 51% of its capital.

 

2014 Calendar
Publication of H1 2014 earnings (pre-market release)

Thursday, August 28, 2014

Publication of Q3 2014 net sales

(pre-market release)

Friday, November 7, 2014

Investor day

- publication of NAV (pre-market release)

Thursday, December 4, 2014

 

About Wendel

Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Materis, Stahl and IHS in Africa. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of Van Gansewinkel Groep in the Netherlands, exceet in Germany, Mecatherm and Parcours in France, Nippon Oil Pump in Japan, and Saham Group in Africa.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014.

Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" on March 23, 2012.

 

Press contacts
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24
c.angladepirzadeh@wendelgroup.com:
mailto:c.angladepirzadeh@wendelgroup.com

Analyst and investor contacts
Olivier Allot: +33 (0)1 42 85 63 73 
o.allot@wendelgroup.com

 

 

BUREAU VERITAS MAKES A NEW ACQUISITION IN THE UNITED STATES: ANALYSTS:
http://hugin.info/143616/R/1849768/645722.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WENDEL via Globenewswire
HUG#1849768