Bureau Veritas

Bureau Veritas S.A. is a French company specialized in testing, inspection and certification founded in 1828. It operates in a variety of sectors, including building and infrastructure (27% of revenue), agri-food and commodities (23% of revenue), marine and offshore (7% of revenue), industry (22% of revenue), certification (7% of revenue), consumer products (14% of revenue), and education.

Bureau Veritas is present in 140 countries through a network of over 1,500 offices and laboratories, and 79,000 employees.[2] Bureau Veritas generated $6.34 billion in revenue in 2024.[3] Hinda Gharbi has been CEO of Bureau Veritas since June 2023.[4] As of close of trade 20 December 2024, Bureau Veritas is a member of the CAC 40.[5]

History

1828: Origins

Corporate Updates

operating income	€992 million (2025)‡R1R‡

net income	€588 million (2025)‡R1R‡

assets	€7.06 billion (2025)‡R1R‡

equity	€1.75 billion (2025)‡R1R‡

num employees	82,000 (2025)‡R1R‡

parent	Wendel (35.5%)

homepage	bureauveritas.com

2015 to 2019 Strategy

In 2015, Bureau Veritas launched a strategic plan[14] to make the Group more resilient, and more resistant to macroeconomic fluctuations (e.g. oil, gas, primary commodities, marine). This strategy aims to expand the business into high-growth sectors, such as agri-food,[15] construction and infrastructure, connected objects and automotive. The diversification of Bureau Veritas' activities has been accompanied by a geographical restructuring. The Group has expanded on its historical presence in France and Europe, reorganizing itself into three main zones: the Americas, Europe/Africa and Asia.[16]

In December 2021, Didier Michaud-Daniel announced Bureau Veritas' ambitions for 2025, "wishing to make it a world leader on critical societal subjects such as energy transition, smart cities, new forms of mobility and traceability of supply chains".[17]

Digital strategy

In 2016, Bureau Veritas entered into a strategic partnership agreement with Dassault Systèmes,[18] which allows Bureau Veritas to use their 3DEXPERIENCE[19] digital platform to carry out continuous assessment of ships, offshore platforms and on-board equipment throughout the entire life cycle.[20]

In 2017, Bureau Veritas entered into a partnership with Avitas Systems[21] a GE Venture, to launch a range of inspection services based on predictive data analytics (i.e. artificial intelligence) for all industrial sectors.

In 2018, the Group launched Origin,[22] the very first traceability label based on blockchain technology, which provides consumers with complete, end-to-end proof of a product's journey, from farm to fork.

Acquisitions

In January 2015, the Group expanded in China. Bureau Veritas acquired Shandong Chengxin, a Chinese company specialized in support services for the construction of industrial infrastructure for the energy sector.[24] In 2017, China became the Group's largest market in terms of both revenue and employees.[25] In April 2019, Bureau Veritas acquired Shenzhen Total-Test, a Chinese food testing company.[26] Bureau Veritas aims to reach €1 billion in revenue in China by 2021.[27]

In 2017, Bureau Veritas announced the acquisition of Primary Integration Solutions in the United States, thus expanding its Building & Infrastructure business into data centers.[28] In March 2018, the Group expanded into the construction sector in the United States with the acquisition of EMG.[29]

type	Public
traded as	euronext: BVI FR0006174348 CAC 40 component
foundation	1828
location	Neuilly-sur-Seine, Paris, France
area served	Worldwide (140 countries)
key people	Hinda Gharbi (CEO)
industry	Testing, inspection, certification
services	Testing, inspection, certification
revenue

History

1828: Origins

1990: Diversification and worldwide expansion

2007: Initial public offering (IPO)

2010: Development of the commodities business and in high-potential markets

2020: Announcement of the 2025 strategy

2024: LEAP | 28 strategy

Corporate Updates

2015 to 2019 Strategy

Digital strategy

Acquisitions

Governance

Shareholders

Executive committee

Board of directors

External links

References