Bureau Veritas Acquires Another NDT Firm

April 3, 2013

Classification society BV acquire  LVQ-WP, a German group specializing in non-destructive testing (NDT) and industrial inspection services.

Founded in 1994, LVQ-WP is headquartered in Muelheim in the Rhein-Ruhr area, which is a strategic industrial cluster in Germany, and provides services to the power, process and manufacturing sectors in Germany and Eastern Europe.

LVQ-WP currently has 120 highly qualified employees and its 2012 revenues totaled around EUR9 million.

In Europe, non-destructive testing and industrial inspection services represent an attractive market, estimated at EUR850 million with a growth rate of around 8% per year, in which demand is driven by the need to maintain the integrity of ageing infrastructure.

The acquisition of LVQ-WP will enable Bureau Veritas to better serve German and Eastern Europe industries. Following the acquisition of Pockrandt (NDT), UniCar Group (automotive inspection), ECL (electrical and electronic product testing), and 7Layers (mobile and wireless electronics testing), this is the fifth transaction made by Bureau Veritas in Germany since early 2012.

Logistics News

ASEAN Looks to Deepen Trade Ties with China

ASEAN Looks to Deepen Trade Ties with China

UK’s First Electric Shipping Routes Set to Slash Irish Sea Emissions

UK’s First Electric Shipping Routes Set to Slash Irish Sea Emissions

Port of Sunderland Selects PicoMB Multibeam Technology for Port Surveys

Port of Sunderland Selects PicoMB Multibeam Technology for Port Surveys

Puerto Rico Inks LNG Contract with New Fortress Energy

Puerto Rico Inks LNG Contract with New Fortress Energy

Subscribe for Maritime Logistics Professional E‑News

Frontier Airlines CEO: Ultra-low-cost model "alive and well"
France prepares for protests and strikes against budget cuts
Embraer confirms that Brazil's plants are operating normally despite metalworkers' strike.