Bureau Veritas Expands Asia-Pacific Presence with The APP Group Acquisition

Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC) services, has announced its intention to acquire The APP Group, a leading provider of Assurance, Compliance, Independent Verification and Certification (IV/IC), Construction Supervision, Project Management, Strategic Advisory, and Asset Management and Optimization Services across the full asset investment lifecycle in the Buildings and Infrastructure sectors in Australia. This strategic move aligns with Bureau Veritas' LEAP | 28 strategy to expand its leadership in Buildings and Infrastructure, diversifying its portfolio and investing in an attractive regional market.

The APP Group, with a 35-year track record as a trusted partner to government, infrastructure owners, large corporations, and private clients in Australia, brings a team of 500+ and access to a pool of over 200 specialist sub-consultants. The company has a strong presence in transport infrastructure, buildings, social infrastructure, and facilities, managing a client portfolio of over 200 customers. The APP Group's expertise in Assurance, Compliance, IV/IC, Construction Supervision, Project Management, and Strategic Advisory will complement Bureau Veritas' existing capabilities, allowing the company to offer more comprehensive solutions to its clients in the Asia-Pacific region.

Hinda Gharbi, Chief Executive Officer of Bureau Veritas, commented on the acquisition, stating, "When closed, The APP Group acquisition will mark a significant milestone in our LEAP | 28 growth strategy for the Buildings & Infrastructure business in Asia Pacific. This move will not only strengthen our position in the Australian market but will also provide us with a robust platform to expand our B&I services across the region. The APP Group's recognized expertise and reputation will perfectly complement our existing capabilities, allowing us to offer more comprehensive solutions to our clients."

Adam Castro, CEO of The APP Group, added, "The APP Group is an Australian Property and Infrastructure leader, and joining forces with a world leader in Bureau Veritas allows for continued growth while leveraging a global network of services, systems, and resource capability to support our clients and new market opportunities. This strategic union will not only enhance our service delivery offering and experience to our clients but also consolidate our position as a partner of choice. We look forward to being part of the Bureau Veritas Group and unlocking new opportunities for our people, clients, partners, and the broader communities in which we operate."

The transaction is subject to regulatory approval and is expected to be closed by the end of the year. Upon completion, Bureau Veritas will significantly enhance its presence in the Asia-Pacific region, developing its capabilities to support infrastructure projects and strengthening its position in the Buildings and Infrastructure sector.

In conclusion, the acquisition of The APP Group by Bureau Veritas is a strategic move that aligns with the company's LEAP | 28 strategy to expand its leadership in Buildings and Infrastructure. By joining forces with The APP Group, Bureau Veritas will strengthen its position in the Asia-Pacific region, particularly in Australia, and offer more comprehensive solutions to its clients in the Buildings and Infrastructure sector. This acquisition will not only enhance Bureau Veritas' capabilities but also provide a robust platform for further expansion in the region.