M&A Activity • Jan 3, 2012
M&A Activity
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Neuilly-sur-Seine, France, January 3, 2012 – Bureau Veritas is pleased to announce the acquisition of Pockrandt GmbH, a company providing non-destructive testing (NDT) services to major power plant contractors and operators across Germany.
Founded in 1990, Pockrandt GmbH offers a full range of on-site and laboratory integrity services during the construction and operation of power plants, including conventional and nuclear facilities. Headquartered in Oberhausen, in the Rhein-Ruhr area, which is a strategic industrial cluster in Germany, the company also operates in the Netherlands and Belgium. Its laboratory and mobile testing units use state-of-the-art technology to perform asset integrity services, including cracks and leaks detection, ultrasonic and radiographic testing as well as video endoscopy.
Pockrandt GmbH currently has 45 highly qualified employees and 2011 revenues are projected to be about €4 million.
This acquisition will significantly increase Bureau Veritas' NDT-footprint in Germany and provide access to new key European and German industrial accounts. Following the acquisition of Atomic Technologies in Singapore, Scientige in Malaysia, and Tohoku X-Ray in Japan, this is the fourth transaction since early-2011 to strengthen Bureau Veritas' capabilities in asset integrity management, in line with the strategic priorities set for the Industry business for 2015.
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 50,000 employees in 900 offices and 330 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
Analysts/investors: Claire Plais: +33 (0)1 55 24 76 09 Domitille Vielle: +33 (0)1 55 24 77 80 [email protected] Press: Bureau Veritas : Véronique Gielec: +33 (0)1 55 24 76 01 [email protected]
TBWA\Corporate Anne-Laure Bellon +33 (0)1 49 09 27 93 [email protected]
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