Bureau Veritas expands its construction services business in South East Asia by acquiring CKM Consultants
Neuilly-sur-Seine, France, December 16, 2013 - Bureau Veritas is pleased to announce the acquisition of 70% of the shares of CKM Consultants Pte Ltd, a company based in Singapore specializing in construction related services.
CKM Consultants provides structural design reviews of new buildings and infrastructure, statutory construction site supervision and periodical site inspection. Founded in 1989,
CKM Consultants is now a market leader in Singapore offering a solid technical expertise in structural civil engineering works and industrial infrastructure.
The company currently employs 70 staff and recorded EUR 6.5 million (SGD 10.7 million) in revenue for the fiscal year ending March 2013.
Integrating CKM Consultants will enable Bureau Veritas to consolidate its current construction business in Singapore by growing its market share in the public sector with the required licenses to operate.
Didier Michaud-Daniel, Bureau Veritas' Chief Executive Officer, stated:
"Bureau Veritas continues to develop its global leadership in construction related services, leveraging on acquisitions in fast developing countries. This transaction strengthens our presence in South East Asia where we have excellent opportunities driven by the needs of growing population, urbanization and sustained public investment in infrastructure and housing."
About Bureau Veritas
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 60,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, code ISIN FR 0006174348, stock symbol: BVI.
| Contacts | |
| Analysts/investors: Claire Plais: +33 (0)1 55 24 76 09 Domitille Vielle: +33 (0)1 55 24 77 80 finance.investors@bureauveritas.com | Press: Véronique Gielec: +33 (0)1 55 24 76 01 veronique.gielec@bureauveritas.com |
