Bureau Veritas strengthens its Buildings & Infrastructure leadership position in Asia-Pacific with an agreement to acquire The APP Group
04 November 2024 - 5:40PM
UK Regulatory
Bureau Veritas strengthens its Buildings & Infrastructure
leadership position in Asia-Pacific with an agreement to acquire
The APP Group
PRESS RELEASE
Paris – November 4, 2024
Bureau Veritas strengthens its Buildings
& Infrastructure leadership position in Asia-Pacific with an
agreement to acquire The APP Group
Bureau Veritas, a
global leader in
Testing,
Inspection, and
Certification services, announced
today that it
has signed an agreement
to acquire The APP Group, a leading
provider of Assurance,
Compliance, Independent Verification and
Certification (IV/IC), Construction Supervision, Project
Management,
Strategic Advisory and
Asset Management and Optimization
Services across the full asset
investment lifecycle in the
Buildings and Infrastructure
sectors in Australia.
This strategic move will
significantly enhance Bureau Veritas' presence in the
Asia-Pacific region and develop
its capabilities to support
infrastructure projects.
This acquisition is
aligned with Bureau Veritas’ LEAP
| 28 strategy to expand leadership in Buildings
and Infrastructure,
diversifying
its portfolio and
investing in an attractive
regional
market.
Bureau Veritas contributes to safer, sustainable
and resilient buildings and infrastructure, delivering dedicated
solutions from early-stage feasibility through construction and
into asset operations. Its global reach and comprehensive service
portfolio empowers clients across the entire asset lifecycle. This
acquisition will expand Bureau Veritas’ Buildings and
Infrastructure capabilities by adding significant project
management assistance expertise to asset owners, as well as
construction management, independent project verification and
certification and leverageable scale to support growth in the wider
Asia Pacific region.
The APP Group has an impressive 35-year track
record as a trusted partner to government, infrastructure owners,
large corporations and private clients in Australia, and is
recognized as a leader in Assurance, Compliance, Independent
Verification and Certification (IV/IC) across major Australian
transport infrastructure projects. The APP Group brings a team of
500+ and access to a pool of over 200 specialist sub-consultants.
It has a strong presence in transport infrastructure, buildings,
social infrastructure and facilities and manages a client portfolio
of over 200 customers. The company is headquartered in Sydney,
Australia and delivered revenues of €87 million in 2023.
Hinda Gharbi, Chief Executive Officer of
Bureau Veritas, commented: "When closed, The APP Group
acquisition will mark a significant milestone in our LEAP | 28
growth strategy for the Buildings & Infrastructure business
in Asia Pacific. This move will not only strengthen our position in
the Australian market but will also provide us with a robust
platform to expand our B&I services across the region. The APP
Group’s recognized expertise and reputation will perfectly
complement our existing capabilities, allowing us to offer more
comprehensive solutions to our clients."
Adam Castro – CEO, The APP Group,
added: “The APP Group is an Australian Property and
Infrastructure leader and joining forces with a world leader in
Bureau Veritas allows for continued growth, whilst leveraging a
global network of services, systems and resource capability to
support our clients and new market opportunities. This strategic
union will not only enhance our service delivery offering and
experience to our clients, but also consolidate our position as a
partner of choice. We look forward to being part of the Bureau
Veritas Group and unlocking new opportunities for our people,
clients, partners and the broader communities in which we
operate.”
The transaction is subject to regulatory
approval and is expected to be closed by year end.
***
About Bureau Veritas
Bureau Veritas is a world leader in inspection, certification, and
laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress.
With a vision to be the preferred partner for its customers’
excellence and sustainability, the company innovates to help them
navigate change.
Created in 1828, Bureau Veritas’ 83,000 employees deliver services
in 140 countries. The company’s technical experts support customers
to address challenges in quality, health and safety, environmental
protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and belongs to the CAC
40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT
1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.
For more information, visit www.bureauveritas.com, and follow us on
LinkedIn.
About The APP Group
The APP Group is a leader in Australian Property and
Infrastructure, as a trusted partner, working together with clients
and key stakeholders to create possibilities and shape progress for
the organizations themselves and the communities they serve.
Operating an integrated services model across the full asset
capital investment lifecycle in the key sectors: Transport,
Property, Social Infrastructure, Modern Methods of Construction,
Energy & Utilities and Defense & Security.
The APP Group team provide market leading service solutions,
expertise and advice to help tackle Australia’s most complex
projects and challenges, backed by a 500 plus-strong nationwide
team.
For more information, visit www.app.com.au
- 2024 11 04 - Press Release - Bureau Veritas to acquire The APP
Group
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