Announcement • Apr 07
Bureau Veritas SA (ENXTPA:BVI) signed an agreement to acquire LotusWorks Ltd. for enterprise value of approximately €380 million. Bureau Veritas SA (ENXTPA:BVI) signed an agreement to acquire LotusWorks Ltd. for enterprise value of approximately €380 million on April 6, 2026. The transaction, representing an enterprise value of €375 million, will be financed via existing and recently negotiated credit lines. This implies a 2026e EV/EBITA multiple of 15x. The agreement includes an earn-out mechanism should the business outperform its plan.
In calendar year 2025, LotusWorks generated €131 million in revenue.
The transaction is expected to close by summer 2026, subject to customary regulatory approvals. The acquisition will enhance Bureau Veritas’ organic growth and will be accretive to the Bureau Veritas’ Adjusted Operating Margin. Announcement • Apr 01
Bureau Veritas Launches An Independent AI Assessment Offering For European Enterprises Bureau Veritas announces the launch of an AI systems audit to help European enterprises assess and demonstrate their compliance with the European Union's AI Act regulatory requirements. This offering combines on-site audits, document analysis, and direct testing to deliver an independent maturity report. Since the EU's AI regulation came into force in 2024, companies have faced major implementation challenges. According to a recent report, 68% of them struggle to interpret the provisions of the text, while 60% have yet to put in place the governance needed to comply. Non-compliance can cost them up to 7% of annual revenue. Bureau Veritas has developed this new audit offering to help companies identify their compliance gaps and remedy them. Bureau Veritas's new audit offering comprises a pre-audit, document review, on-site audit, and direct testing, resulting in an independent report on the client's AI maturity. This assessment is built on eight standardized pillars covering the full spectrum of risks: security, robustness, data privacy, governance, fairness, explainability, controllability, and transparency. To develop this offering, Bureau Veritas relies on AWS AI Risk Intelligence (AIRI), the automated governance solution developed by the AWS Generative AI Innovation Center, a global team of AWS experts who help companies design, develop, and deploy AI solutions. AIRI enables automation of document review and direct testing, thus reducing audit cycles from several weeks to just a few days. Bureau Veritas has adapted this tool to its audit processes to meet the specific needs of its auditors. With this new offering, they have clear indicators enabling them to quickly and precisely identify vulnerabilities in AI systems, transform abstract governance concepts into measurable and actionable information, and formulate remediation recommendations to help companies achieve compliance. The offering targets large enterprises and mid-sized companies in Europe. Deployment will begin in the second quarter of 2026 in several key markets: France, United Kingdom, Spain, Italy, the Netherlands and Nordic countries. In the United Kingdom, the offering relies on international standards, notably ISO, applicable independently of the European regulatory framework. Bureau Veritas plans to deploy this offering beyond Europe and adapt AIRI to integrate other regulatory frameworks and international standards related to AI. Announcement • Feb 26
Bureau Veritas SA, Annual General Meeting, May 19, 2026 Bureau Veritas SA, Annual General Meeting, May 19, 2026. Location: tour alto 4 place des saisons, courbevoie France Announcement • Jan 24
Bureau Veritas SA (ENXTPA:BVI) acquired Spin 360 Srl. Bureau Veritas SA (ENXTPA:BVI) acquired Spin 360 Srl on January 23, 2026.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of Spin 360 Srl on January 23, 2026. Announcement • Dec 16
Bureau Veritas Announces Board and Committee Changes, Effective December 13, 2025 Bureau Veritas announced that the Board of Directors, under the chairmanship of Mr. Laurent Mignon, has appointed Mr. Geoffroy Roux de Bézieux as Lead Independent Director, Chairman of the Nomination & Compensation Committee, and Vice-Chairman of the Company’s Board of Directors, replacing Mr. Pascal Lebard who no longer qualifies as independent after twelve years of directorship. The Board of Directors of Bureau Veritas, which met on October 22, 2025, decided, upon recommendation of the Nomination & Compensation Committee, to appoint, with effect from December 13, 2025, Mr. Geoffroy Roux de Bézieux as Lead Independent Director, Chairman of the Nomination & Compensation Committee and Vice-Chairman of the Company's Board of Directors for the remainder of his term of office as director. Mr. Geoffroy Roux de Bézieux has been an independent director on the Board of Directors since 2023. Mr. Geoffroy Roux de Bézieux replaces Mr. Pascal Lebard, who would have completed twelve years of tenure on December 13, 2025 and will no longer be considered an independent director within the meaning of the AFEP/MEDEF recommendations. On the same day, upon recommendation of the Nomination & Compensation Committee, the Board of Directors made the following appointments within the Board Committees with effect from December 13, 2025: Appointment of Mr. Geoffroy Roux de Bézieux as member of the Audit and Risks Committee; Appointment of Ms. Julie Avrane as member of the Nomination & Compensation Committee. Mr. Pascal Lebard remains member of the Nomination & Compensation Committee, the Strategy Committee and the CSR Committee. The Board of Directors continues to be composed of 12 members. Announcement • Nov 17
Bureau Veritas Appoints Santiago Arias Duval as Executive Vice-President for the Americas Region, Effective November 17, 2025 Bureau Veritas announced the appointment of Santiago Arias Duval, effective November 17, 2025, as Executive Vice-President, Americas. This appointment is in line with Bureau Veritas’ new operating model effective since September 1, 2025. Santiago Arias Duval will report to Hinda Gharbi, Chief Executive Officer of Bureau Veritas, and joins the Group Executive Committee. Santiago Arias Duval served as Senior Vice President and General Manager of Precision Technologies at Ingersoll Rand. In this role, he was responsible for the overall strategy, operations, and commercial performance of a diverse set of businesses serving customers across multiple industries worldwide. Joining Ingersoll Rand in 2017, Santiago held a series of leadership roles of increasing responsibility, including General Manager of Industrial Pumps and Medical North America and Vice President and General Manager of the Vacuum & Liquid Handling, and Life Sciences businesses. Throughout his tenure, Santiago has consistently delivered above-market organic growth, executed multiple acquisitions, and driven significant EBITDA margin expansion through commercial excellence, operational efficiency, and disciplined portfolio management. Before joining Ingersoll Rand, Santiago held leadership positions at Danaher Corporation, where he served as Packaging Business Unit Leader for X-Rite and as a consultant within the Danaher Business System Office, supporting global operating companies on new product commercialization. Earlier in his career, he worked in product management at Fluke (Danaher) and in operations at General Motors. Santiago holds a Master of Business Administration from the Massachusetts Institute of Technology (MIT) and a Bachelor of Science in Electrical Engineering from the Georgia Institute of Technology. Announcement • Oct 23
Bureau Veritas SA Reaffirms Earnings Guidance for the Full Year 2025 Bureau Veritas SA reaffirmed earnings guidance for the full year 2025. For the year, Based on the 9-month performance, leveraging a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals, Bureau Veritas reaffirmed its outlook for the full year 2025: Mid-to-high single-digit organic revenue growth. Announcement • Jul 03
Bureau Veritas SA (ENXTPA:BVI) acquired remaining unknown minority stake in Secura B.V. Bureau Veritas SA (ENXTPA:BVI) acquired remaining unknown minority stake in Secura B.V. recently. Secura will become Bureau Veritas Cybersecurity effective July 1, 2025. Announcement • May 06
Bureau Veritas SA, Annual General Meeting, Jun 19, 2025 Bureau Veritas SA, Annual General Meeting, Jun 19, 2025. Location: immeuble newtime 40 52 boulevard du parc, neuilly sur seine France Announcement • Apr 25
Bureau Veritas SA Reaffirms Earnings Guidance for 2025 Bureau Veritas SA reaffirms earnings guidance for 2025. While customers are navigating an uncertain period, the Group has a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals. Therefore, the company keeps its outlook unchanged, and expects to deliver for the full year 2025: Mid-to-high single-digit organic revenue growth. Announcement • Apr 08
Bureau Veritas SA Announces Appointment of Stefano Colonna as the New Head of Passenger Ships and Yachts for the North American Region Bureau Veritas SA announced the appointment of Stefano Colonna as the new Head of Passenger Ships and Yachts for the North American region, during Seatrade Cruise Global 2025. With more than 30 years of leadership experience in the passenger ships and yachting industries, Stefano has held prominent roles, including Vice President of Service for North and South America at NAVIM Group, overseeing Quality Assurance and Certifications, Director of Marine Safety Operations at Carnival Cruise Line and Director of Technical Safety Operations at The Walt Disney Company. Specializing in new builds, capital project management, technical safety operations, and regulatory compliance, Stefano has successfully overseen the management and operational safety of multi-billion-dollar fleets, including cruise ships, luxury yachts, and passenger vessels, ensuring they meet the highest standards of safety, quality, and efficiency. Stefano's expertise in shipboard systems, regulatory compliance, and risk management was pivotal in executing complex projects such as Safe Return to Port certification, major vessel refurbishments, and fleet-wide safety enhancements. As Head of Passenger Ships and Yachts, North American, Stefano will be responsible for continuing to strengthen BV's presence within the cruise and yachting sector. Leading on initiatives to enhance vessel classification, safety, and regulatory compliance, ensuring that passenger ships and yachts operate at the forefront of innovation, sustainability, and safety standards. Announcement • Mar 18
Bureau Veritas SA (ENXTPA:BVI) acquired GEO Assay Group. Bureau Veritas SA (ENXTPA:BVI) acquired GEO Assay Group on March 17, 2025.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of GEO Assay Group on March 17, 2025. Announcement • Jan 28
SGS, Bureau Veritas End Merger Talks Bureau Veritas SA (EPA:BVI) and Swiss peer SGS SA (SWX:SGSN) have discontinued their discussions about a potential business combination, the two firms said. The companies disclosed earlier in January that they were in talks over a potential tie-up. According to a report by Bloomberg, the move would create an entity with a combined market capitalisation of about $33 billion (EUR 31.5 billion). The discussions, however, have not resulted in an agreement and have ended, SGS said. The Swiss company will remain focused on its strategic goals to speed up growth and deliver superior value to its shareholders, it added. Bureau Veritas said in a separate statement that it also remains committed to its strategy. The French company aims at revenue growth of a high single-digit percentage, including a mid-to-high single-digit organic rise. Bureau Veritas also targets consistent adjusted operating margin improvement, double-digit shareholder returns and dividend yield. Announcement • Jan 21
Bureau Veritas SA (ENXTPA:BVI) agreed to acquire Contec Aqs Ambiente Qualita' Sicurezza Srl. Bureau Veritas SA (ENXTPA:BVI) agreed to acquire Contec Aqs Ambiente Qualita' Sicurezza Srl on January 20, 2025. In this transaction, Bureau Veritas will acquire Contec AQS and its two owned subsidiaries Exenet and PMPI. The transaction is subject to customary closing conditions, including regulatory clearance. The transaction is expected to be closed by the end of March 2025. Announcement • Jan 15
SGS Reportedly In Talks to Combine with Bureau Veritas SGS SA (SWX:SGSN) is in advanced talks to combine with Bureau Veritas SA (ENXTPA:BVI), people with knowledge of the matter said, in a deal that would create a European testing and certification company with a combined market value of almost $35 billion. Geneva-based SGS and France’s Bureau Veritas are working on the final details of a transaction that could be announced in the coming weeks, the people said, asking not to be identified discussing confidential information. Announcement • Dec 03
Bureau Veritas SA (ENXTPA:BVI) acquired Lbs Luxury Brands Services S.R.L. Bureau Veritas SA (ENXTPA:BVI) acquired Lbs Luxury Brands Services S.R.L. on December 3, 2024.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of Lbs Luxury Brands Services S.R.L. on December 3, 2024. Announcement • Nov 12
Bureau Veritas SA (ENXTPA:BVI) acquired Versatec Energy B.v.. Bureau Veritas SA (ENXTPA:BVI) acquired Versatec Energy B.v. on November 12, 2024. For the period ending December 31, 2023, Versatec Energy B.v. reported total revenue of €4.2 million.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of Versatec Energy B.v. on November 12, 2024. Announcement • Nov 06
Bureau Veritas SA (ENXTPA:BVI) signed an agreement to acquire APP Corporation Pty Limited. Bureau Veritas SA (ENXTPA:BVI) signed an agreement to acquire APP Corporation Pty Limited on November 4, 2024.
For the period ending December 31, 2023, APP Corporation Pty Limited reported total revenue of €87 million.
The transaction is subject to regulatory approval and is expected to be closed by year end. Moelis Australia Securities Pty Ltd. acted as financial advisor to Five V Capital on the divestment of APP corporation. Announcement • Oct 24
Bureau Veritas SA (ENXTPA:BVI) acquired Aligned Incentives, LLC. Bureau Veritas SA (ENXTPA:BVI) acquired Aligned Incentives, LLC on October 23, 2024. For 2023, Aligned Incentives, LLC reported total revenue of €3.5 million.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of Aligned Incentives, LLC on October 23, 2024. Announcement • Oct 07
Bureau Veritas SA (ENXTPA:BVI) acquired Idp Ingenieria Y Arquitectura Iberia, SLU from Nazca Capital, SGEIC, S.A. and Fondo Nazca V, FCR. Bureau Veritas SA (ENXTPA:BVI) acquired Idp Ingenieria Y Arquitectura Iberia, SLU from Nazca Capital, SGEIC, S.A. and Fondo Nazca V, FCR on October 7, 2024.
Bureau Veritas SA (ENXTPA:BVI) completed the acquisition of Idp Ingenieria Y Arquitectura Iberia, SLU from Nazca Capital, SGEIC, S.A. and Fondo Nazca V, FCR on October 7, 2024. Announcement • Apr 26
Bureau Veritas SA Provides Earnings Guidance for the Full Year 2024 Bureau Veritas SA provided earnings guidance for the full year 2024. For the year, company expects to deliver Mid-to-high single-digit organic revenue growth. Announcement • Apr 05
Bureau Veritas SA (ENXTPA:BVI) commences an Equity Buyback Plan for 45,244,445 shares, representing 10% for €2,039 million, under the authorization approved on June 22, 2023. Bureau Veritas SA (ENXTPA:BVI) commences share repurchases on April 3, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2023. As per the mandate, the company is authorized to repurchase up to 45,244,445 shares, representing 10% of its share capital for €2,039 million, such that its holdings at any time shall not exceed 10% of the issued share capital. The maximum price at which the shares will be repurchased is €45 per share. The purpose of the repurchase program is to ensure the liquidity of and make a market in the company’s shares via an investment services provider acting independently and in the name and on behalf of the company and to implement any company stock option plan under the provisions of articles L. 225-177 et seq. and L. 22-10-56 et seq. of the Commercial Code or any similar plan, any allocation or transfer of shares to employees as part of their participation, share transfer to employees as part of a profit-sharing plan or any company or group savings plan under and to deliver shares in the event of the issue or exercise of rights attached to securities giving immediate and/or future access to the company’s share capital by reimbursement, conversion, exchange, presentation of a voucher or any other manner, and/or to hold and subsequently deliver shares in connection with external growth transactions, mergers, spin-offs or contributions, it being specified that in such a case, the shares acquired for this purpose may not exceed 5% of the company’s share capital at any time, and to cancel all or a part of the acquired ordinary shares, and to implement any market practice that is or may be allowed by the market authorities, and/or to carry out transactions for any other purpose that is or may be authorized by applicable laws or regulations. The share repurchase program is valid for 18 months. As of December 31, 2022, the company had 452,444,454 issued shares. Announcement • Mar 21
Bureau Veritas SA (ENXTPA:BVI) signed definitive agreement to acquire Onetech Corp. Bureau Veritas SA (ENXTPA:BVI) signed definitive agreement to acquire Onetech Corp. on March 20, 2024. Bureau Veritas is acquiring KOSTEC Co., Ltd and Hi Physix Laboratory India Pvt. along with Onetech. Announcement • Mar 20
Bureau Veritas SA (ENXTPA:BVI) signed definitive agreement to acquire Kostec Co., Ltd. Bureau Veritas SA (ENXTPA:BVI) signed definitive agreement to acquire Kostec Co., Ltd. on March 20, 2024. Bureau Veritas is acquiring Onetech Corp. and Hi Physix Laboratory India Pvt. along with Kostec. Announcement • Feb 23
Bureau Veritas SA, Annual General Meeting, Jun 20, 2024 Bureau Veritas SA, Annual General Meeting, Jun 20, 2024, at 15:00 Central European Standard Time. Location: Bureau Veritas Headquarters, Immeuble Newtime 40-52 Boulevard du Parc, 92200 Neuilly-sur-Seine France Announcement • Oct 26
Bureau Veritas SA Provides Earnings Guidance for the Full Year 2023 Bureau Veritas SA provided earnings guidance for the full year 2023. For the year, the company expected mid-to-high single-digit organic revenue growth. Announcement • Jan 24
Bureau Veritas SA Appoints Marc Roussel as Executive Vice-President of Bureau Veritas Commodities, Industry and Facilities Division in France and Africa Bureau Veritas announced the appointment of Marc Roussel, effective 1 March 2023 as Executive Vice-President of Commodities, Industry and Facilities (CIF), France and Africa. Marc Roussel will report to Hinda Gharbi, Deputy Chief Executive Officer of Bureau Veritas and join the Group Executive Committee. Marc will replace Jacques Pommeraud, who has decided to leave the company to pursue a new professional project. Marc Roussel began his career in 1990 in the construction industry at GTM. In 1996, he joined OTISElevator Company to develop its emerging business in comprehensive elevator overhaul, improving safety performance and reducing energy consumption. Marc then worked on developing OTIS Services business in France, in particular via acquisitions, before taking over leadership of the New Construction business for the whole of France as well as the Export business. In 2009, he also became head of the company's new branch, OTIS Africa, and 5 years later, he expanded his responsibilities with the management of UTCBuilding Integrated Systemin Africa. This brought together the operations of Otis, Carrier and Fire & Security. In 2015, Marc joined Bureau Veritasas Senior Vice President, Commodities, Industry & Infrastructure (CIF), Africa. He defined the 2015 - 2020 strategy for Africa and transformed the regional business. He also put the region on a firm path to sustainability, particularly in terms of local community inclusion and the development of youth training. In February 2018, Marc expanded his scope, also becoming President of the Government Services business unit. Marc Roussel is a graduate of Ecole Centrale Paris and holds an MBA from HEC Paris. Announcement • Jan 11
Bureau Veritas Creates A "Net Zero" Centre of Excellence in Collaboration with Envision Digital Bureau Veritas announced the opening of a "Net Zero" center of excellence to support customers in their efforts to reduce energy consumption, decarbonise their activities, and ensure the traceability of their declarations. This project is supported by Envision Digital's technology. The center will help organizations to achieve significant progress towards their "Net Zero" commitments, digitised, verifiable and certifiable processes. Thanks to its collaboration with Envision Digital, Bureau Veritas will benefit from the expertise of a world leader in carbon footprint reduction and monitoring. To help organizations reduce their carbon footprint and ensure the level of transparency that is required, Envision Digital, the technological leader in artificial intelligence and IOT (AIoT) for Net Zero targets and decarbonisation, and Bureau Veritas, world leader in testing, inspection and certification, are combining their expertise to develop an integrated service offer for energy management and carbon monitoring, that will be hosted in a "Net Zero" centre of excellence. This centre will propose solutions in three areas: Real time certification of carbon emissions to ensure credibility and facilitate extra-financial data reporting (CSRD, ESG, etc.). Attaining the energy and carbon goals defined while optimising costs (monitoring and optimisation of carbon emissions, results-based commitment on expected savings, etc.). Funding the investments required for carbon emission monitoring (supply of sensors, platform installation, energy-carbon management service) via the energy savings certificates scheme, for which Bureau Veritas is one of France's leading experts via its Capital Energy subsidiary.