LVQ-WP Acquired by Bureau Veritas in Germany
Posted: 2013-4-4
Bureau Veritas is pleased to announce the acquisition of LVQ-WP, a German
group specializing in non-destructive testing (NDT) and industrial inspection
services.
Founded in 1994, LVQ-WP is headquartered in Muelheim in the Rhein-Ruhr area,
which is a strategic industrial cluster in Germany, and provides services to the
power, process and manufacturing sectors in Germany and Eastern Europe. LVQ-
WP currently has 120 highly qualified employees and its 2012 revenues totaled
around EUR9 million.
In Europe, non-destructive testing and industrial inspection services represent
an attractive market, estimated at EUR850 million with a growth rate of around
8% per year, in which demand is driven by the need to maintain the integrity of
ageing infrastructure. The acquisition of LVQ-WP will enable Bureau Veritas to
better serve German and Eastern Europe industries.
Following the acquisition of Pockrandt (NDT), UniCar Group (automotive
inspection), ECL (electrical and electronic product testing), and 7Layers (mobile
and wireless electronics testing), this is the fifth transaction made by Bureau
Veritas in Germany since early 2012.
These companies have significantly strengthened Bureau Veritas’ capabilities and
service portfolio on the German market, where the Group now has 950
employees.
group specializing in non-destructive testing (NDT) and industrial inspection
services.
Founded in 1994, LVQ-WP is headquartered in Muelheim in the Rhein-Ruhr area,
which is a strategic industrial cluster in Germany, and provides services to the
power, process and manufacturing sectors in Germany and Eastern Europe. LVQ-
WP currently has 120 highly qualified employees and its 2012 revenues totaled
around EUR9 million.
In Europe, non-destructive testing and industrial inspection services represent
an attractive market, estimated at EUR850 million with a growth rate of around
8% per year, in which demand is driven by the need to maintain the integrity of
ageing infrastructure. The acquisition of LVQ-WP will enable Bureau Veritas to
better serve German and Eastern Europe industries.
Following the acquisition of Pockrandt (NDT), UniCar Group (automotive
inspection), ECL (electrical and electronic product testing), and 7Layers (mobile
and wireless electronics testing), this is the fifth transaction made by Bureau
Veritas in Germany since early 2012.
These companies have significantly strengthened Bureau Veritas’ capabilities and
service portfolio on the German market, where the Group now has 950
employees.
