Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC), delivering high quality services to help clients meet the growing challenges of quality, safety, environmental protection and social responsibility. Bureau Veritas’ core values include integrity and ethics, impartial counsel and validation, customer focus and safety at work.
Bureau Veritas Group
Founded in Antwerp in 1828, the Information Office for Maritime Insurance had a simple mission: to give shipping underwriters up-to-date information on premiums in use at commercial centres and to provide precise information on the condition of ships and equipment.
In 1829, the company was renamed Bureau Veritas, adopting the emblem of Truth as the company insignia and published its first Register of some 10,000 ships. The official company logo clearly signified the aim: “to seek the truth and tell it without fear or favour”.
In 1830 a branch office was created in Paris. By 1833 activity had expanded so much that the head office was transferred to the French capital, where it still resides today.
In order to enable better market focus and keep a strong growth momentum, Bureau Veritas streamlined its organization into 8 global businesses. These businesses are present in 140 countries, with over 1330 offices and 340 laboratories that service over 400,000 customers with approximately 66,000 employees. The broad network of offices and laboratories globally work in concert to meet customers’ requirements.
Bureau Veritas has nurtured a “Buy and Build” development strategy, with a growth mix well balanced between organic and acquisition growth (representing respectively 49% and 51% of revenues increase over 2006 and 2011). Overall, between 2001 and 2011, the Group acquired about 90 companies, representing additional revenue of over €1.2 billion, and spent an average of €167 million per year on acquisitions.
The chart below tracks the development of Bureau Veritas into one of the world leaders in Metals and Minerals testing through careful acquisitions. Acquisition targets must fit with BV’s core principles in addition to being leaders in their technological fields, having a client-centric focus plus a strong and deep management team who will grow within BV.
Bureau Veritas has completed the acquisition and integration of AcmeLabs and Inspectorate, two global leaders in geochemical and assaying laboratories for the Upstream Mineral sector. As part of the acquisition and integration by Bureau Veritas, the legal entity for AcmeLabs became Bureau Veritas Commodities Canada Ltd in 2014, part of the global trade name Bureau Veritas Minerals (BVM).
BVM is an industry leader in the analysis of minerals for the Exploration and Mining industries. Our technical and service delivery expertise has a stronger business position in the global market and continues to expand the network of laboratory services, strategically located in key trading sites around the world, providing precision analytical testing to both internationally recognized standards and customer-specific methodologies.
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