Classification Society Further Expands its Role

Press Release
Friday, March 15, 2013

Bureau Veritas to acquire Sievert Group, a leading provider of non-destructive testing & inspection services, notable for oil & gas pipelines work.

Established in 1986, Sievert has developed a comprehensive suite of services meeting the needs of industrial sectors, primarily the oil & gas industry. The company is specialized in conventional and advanced non-destructive testing services. It has state of the art capabilities ranging from X- and Gamma ray radiographic testing, to ultrasonic testing, corrosion mapping and remote video inspection. These services are notably provided during the construction of onshore and offshore pipelines used for oil, gas or water distribution.


Based in Mumbai, Sievert has a strong presence in India, South East Asia and the Middle East. The company has 1,400 very qualified employees and reported revenue of around 
USD33 million in 2012.

This acquisition will increase Bureau Veritas’ technical capabilities in advanced non-destructive testing and reinforce its footprint in India and the Middle East. Bureau Veritas is now one of the world leaders in this market. Sievert’s technical expertise will be leveraged throughout the Group's geographical network and offered to sectors other than Oil & Gas. 

Didier Michaud-Daniel, Bureau Veritas’ Chief Executive Officer, stated:
"Non-destructive testing is an attractive market, estimated at USD3.5 billion, with a growth rate of around 9% per year. Demand is driven by growing needs, both in mature economies that are facing challenges related to ageing infrastructure, and in new economies investing in the construction of industrial facilities. In this context, the acquisition of Sievert is a great opportunity to reinforce our market position and expertise and keep delivering added value services to our industrial clients."

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cutter Diligence to Return

The crew of the Coast Guard Cutter Diligence is scheduled to return to their homeport in Wilmington Saturday following a 45-day patrol in the Caribbean Sea. During their patrol,

Zarmati joins Fathom

Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that

HMS Protector Deployed to Antarctic

Ice ship HMS Protector is heading for waters no Royal Navy vessel has visited in 80 years as she begins a marathon deployment to Antarctica. The Plymouth-based

Classification Societies

ClassNK Begins Testing CBM System

ClassNK has commenced verification tests of its next-generation condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX for Mitsui’s MAN B&W engines. The

Two RAscal 1500 Tugs Delivered

Sanmar Shipyard of Turkey has recently completed two RAscal 1500 tugs for Jordanian owners. The tugs are now delivering marine services to the FSRU berthing

New Class Rules Favor Seawater Lubricated Props

Classification societies are changing their monitoring rules for seawater-lubricated propeller shafts in line with the rules governing the inspection and withdrawal

Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1139 sec (9 req/sec)