Acquisition_Summit_VENGBureau Veritas acquires Summit Inspection Services in the United States
Neuilly-sur-Seine, France, June 01, 2016 - Bureau Veritas is pleased to announce the acquisition of Summit Inspection Services, Inc., a US company specializing in fugitive emissions inspection services for the OPEX petrochemical industry.
Summit Inspection Services has been providing expertise and support to the refining, chemical and pharmaceutical industries since 1998. It primarily provides fugitive emissions inspection and inventory services, Leak Detection and Repair (LDAR), and environmental compliance auditing and training. The company uses the latest testing technologies including thermal infrared cameras and software tools to perform high quality LDAR inspections. It has extensive experience, having carried out over 30 million inspections at more than 70 industrial facilities.
These services meet growing expectations in the United States for health and environmental protection, and more stringent regulations.
Headquartered in San Jose, California, Summit Inspection Services has several other regional offices in California, as well as in Louisiana and Texas. It employs 175 people and generates revenues of around EUR 13 million.
"Summit Inspection Services is an established expert in its market, and enjoys excellent relationships with key American industry leaders. This acquisition fits perfectly our 2020 strategic ambitions to expand the Group's presence in the United States and Canada, and reinforce our position in OPEX services for the Petrochemical market" commented Didier Michaud-Daniel, CEO of Bureau Veritas.
"We are excited to be joining the Bureau Veritas organization, providing us a platform to expand both service capabilities and geographic range to our valued clients. As the global economy continues to expand, Bureau Veritas' global network provides us with a unique competitive advantage and value proposition that will prove beneficial for our clients" added Monte Nelson, President of Summit Inspection Services.
Following this acquisition, Bureau Veritas now has 5,700 employees in the United States and Canada.
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has 66,000 employees in 1,400 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance 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, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit www.bureauveritas.com
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