Bureau Veritas completed the acquisition of Inspectorate, having obtained the approvals of all relevant competition authorities. An agreement was signed by Bureau Veritas and Inspicio (majority-owned by private equity firm 3i and funds managed by 3i on June 21, 2010 regarding this acquisition for £450 million. The acquisition of Inspectorate is a major step forward for Bureau Veritas in its global leadership strategy, making it one of the world leaders in commodities inspection and testing.
As Chief Executive Officer of Inspectorate, Neil Hopkins now becomes a member of Bureau Veritas' Executive Committee. Following this acquisition, Bureau Veritas employs more than 47,000 people in 1,000 offices and 330 laboratories located in 140 countries, and generates combined revenues of over €3 billion.
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