Bureau Veritas Acquires TMC Marine

 

TMC has provided pre- and post-casualty advice and support to the marine industry since 1979. The business focuses on marine claims and accident investigations, salvage and wreck removal consultancy and marine expert witness services for a client base that spans P&I clubs, law firms, marine insurers, salvage companies and ship owners. Headquartered in London, TMC has a network of offices in the U.S., China, Singapore and Australia. It employs more than 50 people and generated revenues of €8.5 million in 2015. 

 

Didier Michaud-Daniel, CEO of Bureau Veritas, said, “Our Marine & Offshore business, the historical activity of Bureau Veritas, is one of our eight key growth initiatives to 2020. As such, it is evolving rapidly. We are diversifying our service portfolio and developing our technological leadership in order to meet all our clients’ expectations in risk management. TMC is a recognized brand that enables the Group to enhance its offering to the marine insurance consultancy market, thereby expanding the services that we already provide in offshore to the maritime market.”

 

“We are very happy to be joining the expanding Marine & Offshore division of Bureau Veritas, a leading service provider to the international marine industry,” said Tony Bowman, Chairman of TMC. “This is a strategic alliance that will provide TMC with technical synergies and greatly enhance the services we can offer to new and existing clients while at the same time continuing our plan of further geographic expansion.”