M&A Activity • Aug 26, 2011
M&A Activity
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Neuilly-sur-Seine, France, August 26, 2011 – Bureau Veritas is pleased to announce the acquisition of Toplis Marine Inspection and Testing, an independent cargo survey company and the Philippines representative of Inspectorate (a Bureau Veritas' company) for the last five years.
Toplis Marine offers a full range of cargo inspections and testing services for oil, minerals and coal. Based in Manila, Toplis operates in six locations across the country. The company has 30 employees and should generate revenues of €0.8 million in 2011.
The Philippines are a growing market for commodities, in particular for minerals and coal. New mines are opening up in coal, nickel, iron ore and chrome ore. Bureau Veritas is already a leading player in commodities and this acquisition will strengthen its network in South East Asia.
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 50,000 employees in 930 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 (Compartment A, code ISIN FR 0006174348, stock symbol: BVI). www.bureauveritas.com
Contacts Analysts/investors: Claire Plais: +33 (0)1 55 24 76 09
Domitille Vielle: +33 (0)1 55 24 77 80
Press:
Véronique Gielec: +33 (0)1 55 24 76 01 [email protected]
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