Regulatory Filings • Dec 21, 2016
Regulatory Filings
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Neuilly-sur-Seine, France, December 21, 2016 – Bureau Veritas has completed the acquisition of Kuhlmann Monitoramento Agrícola Ltda. (KMA), a Brazilian company specialized in monitoring and auditing services for the agri-food sector.
KMA, in operation since 2005, is the Brazilian leader in agricultural monitoring, cotton testing and biotechnology auditing of seeds. Headquartered in Pinhais, Paraná, in the south of the country, the company is also present in Brazil's main agricultural production regions and has two laboratories. Its client portfolio includes the major global groups in the agri-food and chemical sectors. KMA has 250 employees and is expected to generate annual revenues of around EUR 12.5 million in 2016.
The company has experienced strong growth in recent years in a favorable context. Agriculture and agri-food are thriving sectors in Brazil, and play an important role in the country's foreign trade.
"The addition of KMA enables us to diversify our activities in Brazil and makes Bureau Veritas a market leader in one of the biggest agricultural markets in the world in upstream services. This move also supports our strategic ambitions in the agri-food sector on a global scale", said Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas.
Eduardo Kuhlmann, Chief Executive Officer of KMA, added: "This agreement is great news for KMA. It will benefit our employees, who are now part of a global leader, and it will strengthen our relationship of trust with our customers. Our complementary activities allow us to develop new services to continue to contribute to the expansion of agribusiness with innovative solutions."
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has 68,400 employees located 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
Laurent Brunelle : +33 (0)1 55 24 76 09 [email protected]
Mark Reinhard: +33 (0)1 55 24 77 80 [email protected]
Press:
Cathy Pianon: +33 (0)1 55 24 76 13 [email protected]
Véronique Gielec: +33 (0)1 55 24 76 01 [email protected]
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