BUREAU VERITAS completes the acquisition of AcmeLabsFebruary 23rd, 2012
FOR IMMEDIATE RELEASE
BUREAU VERITAS completes the acquisition of AcmeLabs.
VANCOUVER, BC – Bureau Veritas has completed the acquisition of AcmeLabs today. Headquartered in Vancouver, AcmeLabs has state of the art mineral testing facilities and is one of the largest multi-element geochemistry laboratories in the world.
AcmeLabs is the number 3 player in upstream minerals testing in Canada. With this acquisition, Bureau Veritas now has a stronger business position in the burgeoning Canadianmarket, and continues to develop its global position in Metals & Minerals (M&M) with a full representation in key global mining hubs in Australia, Canada, South America and South Africa.
Founded in 1971 and headquartered in Vancouver, Canada, AcmeLabs provides a full range of sample preparation, assaying and geo-analytical services. The company operates a total of 29 testing and sample preparation laboratories in 12 countries, mainly in North and South America and has 978 employees. AcmeLabs operates testing laboratories where it uses cutting edge technologies including Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES), ICP-Mass Spectrometry (ICP-MS), and X-Ray Fluorescence (XRF). Acme’s revenue for the fiscal year ending March 2012 is poised to exceed €55 million (CAD$72 million).
The management and employees of AcmeLabs are excited and proud to join the Bureau Veritas Group of companies, and will greatly contribute to the Bureau Veritas strategy for the geochemical testing market. AcmeLabs joins a global team with the resources and infrastructure necessary to rapidly expand Acme’s client centred approach to the wider market.
Bureau Veritas and AcmeLabs have highly complementary activities and locations in services related to Metals & Minerals. This acquisition enables the Group to create a Global Centre of Excellence in minerals testing, located in Canada, one of the largest producing countries in the world. It also enhances Bureau Veritas’ minerals footprint in South America and provides synergies that will improve operating efficiency. Through network optimization, the leverage of Acme’s ‘hub & spoke’ operations model, and a broader range of technical expertise, the Group will be well positioned to offer best in class service to the minerals industry.
About Bureau Veritas
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 52,000 employees in 940 offices and 340 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