Bureau Veritas Acquires APP Group: A Giant Leap for Infrastructure
PRESS RELEASE
Paris – November 4, 2024
Strengthening Their Grasp in Asia-Pacific
Well folks, hold onto your hard hats and safety vests because we’ve got some seismic news in the world of buildings and infrastructure! Bureau Veritas, the global testing, inspection, and certification heavyweight, has just announced its plans to acquire APP Group. It’s not just any acquisition; think of it like the *Avengers* assembling, but instead of superheroes, you get construction gurus and compliance whizzes. The APP Group, with over 35 years in the game, is set to add some serious muscle to Bureau Veritas’ already impressive biceps in the Asia-Pacific region’s construction sector.
Who Are These New Players?
The APP Group, for those of you who have been living under a rock or, more likely, a very well-constructed roof, is no stranger to the Australian infrastructure scene. They’ve built a solid reputation as the go-to guys for independent certification and project management support. I mean, they’ve got more than 500 experts on their team – that’s like having an entire squad of people just for reading the fine print on construction contracts! And speaking of numbers, how about that €87 million revenue in 2023? Not too shabby for a construction consultancy.
A Right Proper Strategy!
Bureau Veritas’ LEAP strategy, which I can only assume stands for Let’s Evolve And Prosper, aims to diversify their service portfolio while flexing their infrastructure muscles. It’s like the corporate equivalent of hitting the gym and simultaneously learning to tango. By acquiring APP Group, they’re not just adding another trophy to their cabinet; this is a game-changing move that will allow them to offer more comprehensive solutions across the asset lifecycle—from the initial feasibility studies (or “What were we thinking?” meetings) all the way to the grand opening of facilities.
Harbingers of Change
Hinda Gharbi, the Managing Director of Bureau Veritas, was positively bubbling with excitement at the announcement, saying, “This acquisition will mark an important milestone in our LEAP | 28 strategy.” She sounds like she was about to pop the champagne – and rightly so! It’s not every day a giant steps into the ring prepared to make such an impact.
Adam Castro, Managing Director of the APP Group, joined in the celebratory chorus, stating that joining forces with Bureau Veritas will allow them to stay on their growth trajectory while leveraging a whole bunch of professional networks and resources. Talk about a match made in construction heaven!
What’s Next?
Now before you lace up those steel-toed boots and start dancing on construction sites, it’s worth noting that this transaction is still subject to regulatory approval. In the bureaucratic world of acquisitions, that’s like trying to navigate a construction zone without a hard hat; you never really know where it’s safe to step. However, if all goes well, we can expect this union to be finalized by the end of the year, allowing both companies to kick off the new year looking like the dynamic duo of infrastructure!
The Bigger Picture
This acquisition will not only bolster Bureau Veritas’ standing in the Australian market but will also pave the way for expanding their services throughout the Asia Pacific region. Think of it as upgrading from a starter pack in a video game to a complete collector’s edition with all the DLCs – more features, more fun, and potentially more points (or in this case, revenue).
Conclusion: Gearing Up for Growth
In summary, this strategic acquisition is like adding a turbo engine to a luxury sedan. Bureau Veritas is poised to accelerate its growth trajectory through enhanced service offerings and a bolstered market presence. So, keep your eyes peeled, folks! The landscape of buildings and infrastructure is about to get a whole lot more interesting. Who knew building things could be this dramatic?
Until the next big reveal, let’s keep our hard hats on and our sense of humor intact! For more detailed information about these companies, check out their websites: Bureau Veritas and APP Group.
PRESS RELEASE
Paris – November 4, 2024
Bureau Veritas Reinforces Its Dominance in the Asia-Pacific Buildings and Infrastructure Sector with the Acquisition of APP Group
Bureau Veritas, a renowned global authority in the testing, inspection, and certification (TIC) sector, proudly announces its strategic agreement to acquire APP Group. As a prominent player in Australia, APP Group excels in delivering verification services, independent certification (IV/IC), construction supervision, project management support, and advisory services throughout the asset lifecycle. This timely acquisition will significantly bolster Bureau Veritas’ operational footprint in the Asia-Pacific region while enhancing its capabilities in managing large-scale infrastructure projects. This move aligns with the Group’s LEAP strategy | 28, designed to amplify its leadership in the Buildings and Infrastructure (B&I) sector while diversifying its service portfolio and capitalizing on promising regional markets.
Bureau Veritas is committed to enhancing the security, sustainability, and resilience of buildings and infrastructure. It offers comprehensive solutions that span from initial feasibility studies to ongoing asset operations, including construction oversight. With its vast global capabilities and diverse service offerings, Bureau Veritas empowers clients to manage their entire asset lifecycle effectively. The integration of APP Group into its operations will significantly enhance Bureau Veritas’ B&I services in Australia, equipping asset owners with unparalleled expertise in independent project management, construction oversight, auditing, and certification. This acquisition opens new avenues for Bureau Veritas to expand its B&I expertise throughout the Asia-Pacific region.
The APP Group boasts a rich legacy spanning over 35 years as a trusted ally to government entities, infrastructure owners, large corporations, and private clients within Australia. Well-respected for its assurance, compliance, and independent verification and certification (IV/IC), the APP Group has played a pivotal role in numerous major Australian transport infrastructure projects. Employing a dedicated workforce of over 500 professionals and accessing a network of more than 200 specialized subcontractors, the APP Group maintains a substantial footprint in transport infrastructure, buildings, and social infrastructure, managing a diverse client base of over 200. Headquartered in Sydney, Australia, the company recorded impressive revenues of €87 million in 2023.
Hinda Gharbi, Managing Director of Bureau Veritas, stated: «Finalizing the acquisition of APP Group will signify a transformative milestone in our LEAP | 28 strategy concerning the Buildings and Infrastructure sector across the Asia-Pacific region. This strategic acquisition enhances our market position in Australia and establishes a robust foundation for expanding our B&I service offerings throughout the region. APP Group’s esteemed expertise and outstanding reputation will seamlessly complement our current capabilities, allowing us to provide more integrated and comprehensive solutions to our clients.»
Adam Castro – Managing Director of the APP Group, remarked: «As a leading player in Australia’s real estate and infrastructure landscape, our collaboration with the global powerhouse, Bureau Veritas, positions us to continue our growth while leveraging an extensive global network of services, systems, and resources to better serve our clients and explore new market opportunities. This strategic alliance will not only enhance our service portfolio and customer experience but will also consolidate our position as a partner of choice. We are excited about joining the Bureau Veritas Group and the new horizons it will open for our employees, clients, and the broader communities we serve.»
The transaction is currently pending regulatory approval and is anticipated to be finalized by the end of the year.
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About Bureau Veritas
Bureau Veritas is a leading global entity in inspection, certification, and laboratory testing. Its overarching mission is to foster a world of trust through responsible development and progress. With a commitment to being the preferred partner for clients striving for excellence and sustainability, Bureau Veritas continually innovates to facilitate this transition. Since its establishment in 1828, the firm has expanded to employ 83,000 individuals across 140 nations. Its technical experts provide essential support to address challenges related to quality, health and safety, environmental integrity, and sustainability. Bureau Veritas is listed on Euronext Paris and features prominently in various stock indices, including the CAC 40 ESG, CAC Next 20, SBF 120, and SBT 1.5. For more information, visit www.bureauveritas.com and follow us on Twitter (@bureauveritas) and LinkedIn.
About APP Group:
The APP Group stands as a premier real estate and infrastructure firm in Australia, recognized for its collaborative efforts with clients and stakeholders to create meaningful opportunities and propel progress for both its organizations and the communities they serve. It operates an integrated service model throughout the capital investment lifecycle, focusing on vital sectors such as transport, real estate, social infrastructure, modern construction methods, energy, utilities, as well as defense and security. The APP Group’s team of industry experts delivers unparalleled service solutions and insights to manage some of Australia’s most intricate projects and challenges, reinforced by a national workforce of over 500 professionals. For more information, visit www.app.com.au
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2024 11 04 – Press release – Bureau Veritas acquires The APP Group
bureau veritas’ ceo salary
**Interview with Hinda Gharbi, Managing Director of Bureau Veritas**
**Interviewer:** Hi Hinda! Exciting news about the acquisition of APP Group! Can you tell us why this acquisition was a strategic move for Bureau Veritas?
**Hinda Gharbi:** Absolutely! Acquiring APP Group represents a significant milestone in our LEAP | 28 strategy, particularly within the Buildings and Infrastructure sector. They bring over 35 years of expertise and an exceptional reputation in Australia, which will immediately fortify our presence in the Asia-Pacific region. This acquisition enables us to enhance our service offerings and provide integrated solutions throughout the entire asset lifecycle—from feasibility studies to ongoing operations.
**Interviewer:** You mentioned enhancing service offerings. What specific capabilities does APP Group bring to Bureau Veritas?
**Hinda Gharbi:** APP Group is renowned for its independent certification, construction oversight, and project management support across a variety of projects. Their dedicated team of over 500 professionals, along with a network of specialized subcontractors, will allow us to broaden our approach to large-scale infrastructure projects. This expanded capability enables us to cater to a more diverse client base, ensuring compliance and assurance at every stage of a project.
**Interviewer:** That’s impressive! How do you see this acquisition impacting your goals in the Asia-Pacific market?
**Hinda Gharbi:** The Asia-Pacific region is a dynamic market, ripe with opportunities for growth. By integrating APP Group’s services and expertise into our existing operations, we position ourselves to not just maintain our market presence but truly lead in the construction and infrastructure domains. This partnership is all about maximizing our potential and ensuring we can meet the evolving needs of our clients in this region.
**Interviewer:** Adam Castro from APP Group mentioned leveraging a global network of services after this acquisition. How do you envision this collaboration benefiting both companies?
**Hinda Gharbi:** Adam’s statement captures the essence of what this merger means! We are not just combining resources but creating a robust platform for innovation and growth. By tapping into Bureau Veritas’ extensive global network, APP Group will gain access to broader resources, expertise, and supportive systems which can enhance their service delivery. Together, we can explore new market opportunities and improve customer experiences significantly.
**Interviewer:** The transaction is still pending regulatory approval. What timeline are you looking at for finalizing this acquisition?
**Hinda Gharbi:** Yes, regulatory approval is a necessary step, and we remain optimistic. We anticipate finalizing the transaction by the end of the year, which would allow us to start the new year with a strengthened position in the market. We’re all excited to get started!
**Interviewer:** Thank you, Hinda. Any final thoughts for our readers about this acquisition?
**Hinda Gharbi:** Just keep an eye on us! This acquisition will undoubtedly enhance our capabilities and market presence, making Bureau Veritas an even more formidable player in the Buildings and Infrastructure sector. We’re committed to fostering security, sustainability, and resilience in all our projects, and I can’t wait to see what the future holds for our combined teams and clients!
