Bureau Veritas Seals Strategic Acquisition of APP Group
Deal News | Nov 04, 2024 | Globenewswire
Bureau Veritas, a global leader in testing, inspection, and certification (TIC), has signed an agreement to acquire APP Group, a prominent independent verification and certification service provider in Australia. APP Group specializes in management project assistance and construction supervision throughout the lifecycle of assets in the building and infrastructure sector. This acquisition is part of Bureau Veritas' LEAP | 28 strategy aimed at expanding its footprint in the Asia-Pacific region and enhancing its Infrastructure and Building (B&I) capabilities. Bureau Veritas' solutions cover everything from feasibility studies to asset operation, working towards safer, more sustainable, and resilient buildings and infrastructures. The APP Group, headquartered in Sydney, Australia, has 35 years of experience and offers services in sectors like transport infrastructure and social community projects, generating revenues of 87 million euros in 2023. The acquisition stands to provide Bureau Veritas a firm foothold to widen its Asia-Pacific services and give APP access to Bureau Veritas' extensive global resources. Finalization is pending regulatory approval anticipated by the end of the year.
Sectors
- Testing, Inspection and Certification (TIC)
- Construction and Infrastructure
Geography
- Asia-Pacific – The strategic acquisition of APP Group aims to strengthen Bureau Veritas' presence in the Asia-Pacific region.
- Australia – APP Group, the acquisition target, is based in Australia and a key player in the Australian infrastructure industry.
Industry
- Testing, Inspection and Certification (TIC) – Bureau Veritas operates in the TIC industry, providing essential services across various sectors to ensure compliance and quality.
- Construction and Infrastructure – The article focuses on Bureau Veritas enhancing its activities in the construction and infrastructure sectors through the acquisition of APP Group.
Financials
- 87 million euros – Revenue generated by APP Group in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bureau Veritas | Bidding Company | Company | A global leader in testing, inspection, and certification with comprehensive services across 140 countries. |
| APP Group | Target company | Company | An established Australian provider of verification, certification, and infrastructure consultancy services. |
| Hinda Gharbi | Director General of Bureau Veritas | Person | Leading Bureau Veritas' strategic growth and expansion initiatives in the infrastructure sector. |
| Adam Castro | General Manager of APP Group | Person | Oversees APP Group's operations and strategic partnerships in the infrastructure sector. |