M&A Activity • Jan 16, 2019
M&A Activity
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Neuilly-sur-Seine, France, January 16, 2019 – Bureau Veritas has finalized the acquisition of Capital Energy SAS, a French white certificates management company.
Capital Energy provides consulting and support services for white certificate projects in France. Its customer base comprises energy suppliers and large retailers. Capital Energy also helps housing organisations, local authorities, industry and building contractors to implement energy efficiency programs.
Capital Energy, founded in 2010 in Paris, also has offices in Nantes. With a workforce of 36 people, the company recorded an annual revenue of c. 23 million euros in 2017.
This acquisition enables Bureau Veritas to expand its range of energy efficiency services for the building and industrial asset sector. White certificates belong to a rapidly expanding market segment fuelled by voluntary energy efficiency initiatives. Capital Energy is one of the leading players in the French market.
"Buildings & infrastructure is now our most important business sector worldwide and we have a highly comprehensive portfolio of services in this field. Nevertheless, we are looking to develop new services to help our clients meet environmental protection and climate challenges, in line with our social mission. Capital Energy is a promising player in the energy efficiency sector and will enable us to build synergies with our inspection services," said Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas.
"We are proud to be joining the world leader in the building inspection and certification sector. We will gain access to a vast customer base that will help us grow more quickly," said Jean-Hubert Farman, Chief Executive Officer of Capital Energy.
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has around 76,000 employees located in more than 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 https://group.bureauveritas.com
Laurent Brunelle: +33 (0)1 55 24 76 09 [email protected]
Florent Chaix: +33 (0)1 55 24 77 80 [email protected]
Véronique Gielec: +33 (0)1 55 24 76 01 [email protected]
DGM Conseil: +33 (0)1 40 70 11 89 [email protected] [email protected]
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