BV_CTS_Acquisition_ENNeuilly-sur-Seine, France, January 29, 2015 - Bureau Veritas announces the acquisition of CTS, a Chinese laboratory specializing in the testing of toys, electrical goods, electronics and hardlines.
CTS owns test labs accredited by the Chinese government in Ningbo and Guangzhou, two of the world's leading manufacturing and commercial centers. CTS serves a local client base of manufacturers and trading companies. It employs more than 70 people and posted
approximately EUR 3 million in revenue in 2014.
Bureau Veritas completes its network of 30 consumer products test laboratories in China, with this acquisition. Bureau Veritas is already strongly represented in China across all its businesses with around 100 locations and 12,500 employees. China is the first country in the Group in terms of staff numbers.
"CTS fits perfectly into our plans for development in the local market. The Chinese domestic market has significant potential for growth particularly following the decision of the Chinese authorities to open up the product testing and certification business to foreign companies. It is our third acquisition in China in the last month." underlined Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas.
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 66,000 employees in around 1,400 offices and laboratories located all across the globe. Bureau Veritas helps its clients to 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, go to www.bureauveritas.com
| Contacts | |
| Analysts/Investors: Claire Plais: +33 (0)1 55 24 76 09 Mark Reinhard: +33 (0)1 55 24 77 80 finance.investors@bureauveritas.com | Press: Véronique Gielec: +33 (0)1 55 24 76 01 veronique.gielec@bureauveritas.com |