Bureau Veritas SA
ENXTPA-BVI
Company Overview
Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Certification; and Consumer Products. The company engages in the inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its customers in relation to regulatory benchmarks or volunteers, as well as issues compliance reports. It also provides laboratory and on-site testing services for manufacturing and process industries; inspection services for products, services, assets, and installations, as well as designed to control quality, verify quantity, and meet regulatory requirements; and certification services for management systems, products, and people. The company serves automotive and transportation, building and infrastructure, chemicals, commodities and agriculture, consumer products and retail, food, marine and offshore, oil and gas, and power and utilities industries, as well as financial services and public sectors. It operates in approximately 140 countries through a network of 1,600 offices and laboratories. Bureau Veritas SA was founded in 1828 and is based in Neuilly-sur-Seine, France.
Name
Bureau Veritas SA
CEO
Hinda Gharbi
Website
group.bureauveritas.com
Sector
Professional Services
Year Founded
1828
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Bulls Say
Bureau Veritas is in a strong position to benefit from structural growth trends in the TIC market, including more regulation, greater demand for sustainability, and increased outsourcing.
Bureau Veritas' diversified revenue base makes it well equipped to weather adverse economic cycles.
The company’s focus on inspection and certification makes it more asset-light relative to TIC peers, boosting returns on invested capital.
Bears Say
Greater competition for bolt-on acquisitions makes growth via acquisitions more difficult and expensive.
Wendel Group, the majority shareholder, could continue selling its 25% stake, hitting the sales price.
Bureau Veritas’ acquisition-heavy strategy presents execution risk when integrating acquired companies.