Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC) services, has announced a strategic agreement to acquire Contec AQS along with its two subsidiaries, Exenet and PMPI. This acquisition aligns with Bureau Veritas’ LEAP | 28 strategy, which focuses on strengthening its position as a global leader in the Buildings and Infrastructure sector.
The acquisition reflects Bureau Veritas’ commitment to delivering innovative and sustainable solutions throughout the life cycle of assets, from design and construction to operation and maintenance. By integrating Contec AQS, Exenet, and PMPI, Bureau Veritas is poised to enhance its capabilities in the Italian market, meeting the increasing demand for sustainable and resilient infrastructure projects.
Expanding Italian Footprint in Buildings and Infrastructure
Contec AQS, Exenet, and PMPI are renowned for their expertise in construction, infrastructure, and Health, Safety & Environment (HSE) services. The three companies serve a broad range of clients, including public authorities, infrastructure operators, and private manufacturing firms. Together, they employ approximately 190 highly skilled professionals, whose technical expertise will complement Bureau Veritas’ existing capabilities.
The newly acquired entities are projected to generate around €30 million in revenue in 2024, a testament to their strong market presence and operational excellence in the Italian Buildings and Infrastructure sector.
Bureau Veritas’ CEO, Hinda Gharbi, commented on the acquisition:
“This acquisition is in line with our objective of expanding our leadership in the infrastructure space in Europe, as planned in our LEAP | 28 strategy. Within Italy, the addition of these three companies will augment our capabilities and bring additional benefits to our clients.”
A Strategic Collaboration
Contec AQS CEO, Alberto Palombarini, emphasized the importance of this strategic partnership, stating:
“Our historic collaboration with Bureau Veritas has confirmed the strong fit between their technical capabilities and ours. This strategic union will not only enhance our service delivery offering to our clients, but it will also consolidate our position as a partner of choice by reaching a critical mass in our Italian home market.”
This partnership not only solidifies Bureau Veritas’ presence in Italy but also strengthens its ability to address the growing challenges in the Buildings and Infrastructure sector, such as sustainability, climate resilience, and regulatory compliance.
Delivering Comprehensive Infrastructure Solutions
Bureau Veritas is committed to contributing to the safety, sustainability, and resilience of buildings and infrastructure globally. The company’s technical expertise spans the entire asset life cycle, enabling clients to optimize their operations, meet regulatory requirements, and achieve their sustainability goals.
With this acquisition, Bureau Veritas will further its mission of shaping a world of trust by offering cutting-edge solutions tailored to the evolving needs of the infrastructure market. The integration of Contec AQS, Exenet, and PMPI into Bureau Veritas’ portfolio will enable the company to better serve its clients in Italy and beyond, driving innovation and efficiency in infrastructure projects.
Closing Timeline
The transaction is expected to be finalized by the end of March 2025, subject to customary closing conditions, including regulatory approvals. Once completed, the acquisition will mark a significant milestone in Bureau Veritas’ journey toward becoming the preferred partner for excellence and sustainability in the Buildings and Infrastructure sector.
About Bureau Veritas
Founded in 1828, Bureau Veritas is a global leader in inspection, certification, and laboratory testing services. With over 83,000 employees operating in 140 countries, the company provides technical expertise to help clients navigate challenges in quality, health and safety, environmental protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and is part of several prestigious indices, including CAC 40, CAC 40 ESG, and the CAC SBT 1.5° index. The company’s unwavering commitment to innovation and responsible progress has made it a trusted partner for clients across diverse industries.
By acquiring Contec AQS, Exenet, and PMPI, Bureau Veritas underscores its dedication to advancing infrastructure solutions that prioritize safety, sustainability, and long-term resilience. This acquisition reinforces the company’s role as a key player in the global TIC market and a leader in driving transformative change in the Buildings and Infrastructure sector.
In an era where sustainable infrastructure development is more crucial than ever, Bureau Veritas is well-positioned to meet the demands of clients and communities worldwide, creating a lasting impact on economic growth and environmental stewardship.
Read more: Bureau Veritas Acquires Italian Infrastructure Leader, Driving Global Expansion
