Bureau Veritas Acquires Another NDT Firm

Press Release
Wednesday, April 03, 2013

Classification society BV acquire  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.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Classification Societies

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

MAN Diesel & Turbo Updates Turbocharger Safety Warning

MAN Diesel & Turbo SE has released an update to Alert Service Bulletin ASB2013/02/18 containing important safety information related to NA and NR type grey cast iron turbochargers.

ClassNK Completes Work on KOTC Vessel

ClassNK announced that it has completed work on the 31,445GT Product Tanker MUTRIBA, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series of vessels

Mergers & Acquisitions

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1830 sec (5 req/sec)