Bureau Veritas completes the acquisition of Inspectorate
Bureau Veritas completed the acquisition of Inspectorate today, having obtained the approvals of all relevant competition authorities. An agreement was signed by Bureau Veritas and Inspicio (majority-owned by private equity firm 3i and funds managed by 3i) on June 21, 2010 regarding this acquisition for £450 million.
The acquisition of Inspectorate is a major step forward for Bureau Veritas in its global leadership strategy, making it one of the world leaders in commodities inspection and testing.
Headquartered in Witham in the UK, Inspectorate is present in 60 countries and employs over 7,000 people. Its activities are organized into three main market segments in which the company enjoys leading global positions: oil and petrochemicals, metals and minerals, and agricultural products. In 2009,
Inspectorate posted £246 million in revenues. In the first half of 2010, its business held up well, with
organic growth of 10.8%.
As Chief Executive Officer of Inspectorate, Neil Hopkins now becomes a member of Bureau Veritas’Executive Committee.
Following this acquisition, Bureau Veritas employs more than 47,000 people in 1,000 offices and 330
laboratories located in 140 countries, and generates combined revenues of over €3 billion.Download the Press Release (PDF)
Visit www.inspectorate.com
