Bureau Veritas acquires another NDT company

By Finance

Classification society Bureau Veritas acquire LVQ-WP, a German group working in the domain of non-destructive testing (NDT) and industrial inspection services.
LVQ-WP is created 1994 and is located in Muelheim in the Rhein-Ruhr area(an important industrial region in Germany)and provides services to the power, process and manufacturing in the country and Eastern Europe. The firm is known for its 120 highly qualified employees and good financial 2012 with revenues €9 million.
"Vieux continent" (Europe) is an attractive market(estimated €850 million) for non-destructive testing and industrial inspection services
with constant growth rate - 8% per year.
With this move Bureau Veritas will work better in Germany and Eastern Europe. BV acquired also Pockrandt (NDT), UniCar Group (automotive inspection), ECL (electrical and electronic product testing), and 7Layers (mobile and wireless electronics testing).