Bureau Veritas to Acquire The APP Group

Deal News | Nov 04, 2024 | Globenewswire

Bureau Veritas to Acquire The APP Group

Bureau Veritas, a global leader in testing, inspection, and certification services, has signed an agreement to acquire The APP Group, a prominent provider of assurance, compliance, independent verification and certification, and project management services in Australia, for strategic expansion in the Asia-Pacific region. This acquisition by Bureau Veritas aligns with its LEAP | 28 strategy to diversify its portfolio and invest in attractive regional markets, significantly enhancing its position in the Buildings and Infrastructure sector. The APP Group, with over 35 years of experience and a strong foothold in transport infrastructure and facilities management, brings a workforce of over 500, serving a vast array of government and corporate clients across Australia. Bureau Veritas plans to integrate The APP Group's capabilities to offer more comprehensive solutions throughout the asset lifecycle to clients, reinforcing its leadership and expanding its service range across the Asia-Pacific market. The transaction is expected to close by the end of the year, pending regulatory approvals.

Sectors

  • Testing, Inspection, and Certification
  • Building and Infrastructure

Geography

  • Asia-Pacific – Bureau Veritas is aiming to expand its leadership in the Asia-Pacific region through this acquisition, highlighting a strategic focus on regional growth.
  • Australia – The APP Group, headquartered in Sydney, Australia, operates predominantly within Australia, making this geography central to the acquisition.

Industry

  • Testing, Inspection, and Certification – Bureau Veritas operates in the testing, inspection, and certification industry, providing essential quality assurance services worldwide.
  • Building and Infrastructure – The acquisition targets the building and infrastructure industry, enhancing capabilities in project management, construction supervision, and asset management across Asia-Pacific.

Financials

  • 87 million – The APP Group's revenue for the year 2023.

Participants

NameRoleTypeDescription
Bureau VeritasAcquiring CompanyCompanyA global leader in testing, inspection, and certification services aimed at promoting quality and sustainability.
The APP GroupTarget CompanyCompanyAn Australian leader in assurance, compliance, and project management services within the building and infrastructure sector.
Hinda GharbiChief Executive OfficerPersonCEO of Bureau Veritas, leading the strategic LEAP | 28 initiative for expansion.
Adam CastroCEO, The APP GroupPersonCEO of The APP Group, overseeing the merger with Bureau Veritas.