Rahul Sharma (Editor)

Bureau Veritas

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Type
  
Société Anonyme

Headquarters
  
France

Traded as
  
Euronext: BVI

Revenue
  
4.6 billion EUR (2015)

Bureau Veritas wwwbureauveritascomglobalDocsimageslogobvhe

Industry
  
Testing, Inspection, Certification

Area served
  
Worldwide (140 countries)

Key people
  
Frédéric Lemoine (Chairman)Didier Michaud-Daniel (CEO)

Services
  
Testing, inspection, certification

Stock price
  
BVI (EPA) € 17.99 +0.01 (+0.06%)6 Mar, 5:35 PM GMT+1 - Disclaimer

CEO
  
Didier Michaud-Daniel (1 Mar 2012–)

Founded
  
June 1828, Antwerp, Belgium

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Bureau Veritas S. A. (formerly BVQI, Bureau Veritas Quality International) is an international certification agency. In addition to certifications, they provide HSE expertise (Health, Safety and Environmental). Today the headquarters are in Neuilly-sur-Seine, nearby La Défense. The company went public on the Paris Bourse in October 2007.

Contents

Originally formed in Antwerp in 1828 as Bureau de Renseignements pour les Assurances Maritimes (Information Office for Maritime Insurance), the Bureau Veritas name was adopted in 1829.

The company has its headquarters in Neuilly-sur-Seine, near Paris La Défense in France.

Its main competitors are the Swiss companies Société Générale de Surveillance (SGS), Germanischer Lloyd (GL) and Cotecna.

Piedelievre says bureau veritas to continue acquisitions


History

Formed in June 1828 in Antwerp by underwriters Alexandre Delehaye and Louis van den Broek, and insurance broker Auguste Morel. The Bureau Veritas name was adopted in 1829. This included the adoption of the figure of truth logo designed by Achille Deveria. The company was founded for the initial purpose of collecting, verifying and providing maritime insurance companies with precise and up-to-date information about the condition of ships and their equipment around the world. At the beginning of the 20th century, Bureau Veritas became involved in new activities: inspection of metallic parts and equipment for the rail industry and then for the whole industrial sector as well as construction. At the end of the 20th century, Bureau Veritas extended its scope to set up a merchandise inspection system for imported/exported goods before these are shipped and to set up certification of quality management. At the beginning of the 21st century, Bureau Veritas added 2 new business to its activity: consumer products testings and commodities testings.

Frank Piedelièvre took the lead of Bureau Veritas between 1996 and 2013, first as Chief Executive Officer (1996-1999), then as President & CEO (1999-2009), then as Chairman & CEO (2009-2012) than as Chairman (2012-2013). Under his leadership, Bureau Veritas has seen is number of employees multiplied by 7 (from 8,000 to 59,000) and its revenues multiplied by 8 (from EUR 455 million to EUR 3,902 million)(source: Bureau Veritas activity report, available on the company's website). Since March 2012, Didier Michaud-Daniel is the Chief Executive Office (CEO) of Bureau Veritas.

The company went public on the Paris Stock Exchange (Paris Bourse) in October 2007.

In 2007, Bureau Veritas released a video to launch its "Move Forward with Confidence" tagline. This video can be found on the company's website.

In 2013, Bureau Veritas launched a video to explain simply its main businesses and raise awareness on its Testing, Inspection and Certification activities. This video won the 2014 TopCom "Silver Award" in the External Audiovisual category

A detailed history of Bureau Veritas can be found on the company's website. One can also download the 150 years anniversary book edited by the company in 1978.

Business

The head office of the group is located in France in Neuilly-sur-Seine near Paris. Bureau Veritas is a listed company on the Euronext Paris and belongs to the Next 20 (Compartment A, code ISIN FR 0006174348, stock symbol: BVI). Its latest registration/reference document was submitted to the AMF (the French "Autorités des marchés financiers") in March 2016.

The capital distribution on December 31, 2015 is as follows:

  • 40.08% : Wendel group;
  • 56.94% : Free float;
  • 0.77% : Managers
  • 1.21% : Employees;
  • 1.00% : Treasury shares.

    • In 2015, the group revenues reached 4.63 billion euros.

    Bureau Veritas' organization comprises 8 global businesses/divisions:

  • Marine & Offshore
  • Industry
  • Construction
  • In-Service Inspection & Verification (IVS)
  • Certification
  • Commodities
  • Consumer Products
  • Government Services & International Trade (GSIT)

    • The Bureau Veritas logo has almost never changed since its origin. It has many symbols each with a specific meaning.

  • The date 1828: the symbol of long-lasting of Bureau Veritas as it corresponds to its foundation
  • The ship: the marine activities gave birth to Bureau Veritas at the beginning of the 19th century
  • The seal: the endorsement, is the symbol of the activity accomplished by the group
  • The torch: the knowledge, expertise, and know-how of the group
  • The rooster: represents watchfulness, meaning the constant attention paid in the daily tasks of the employees hired by Bureau Veritas
  • The mirror: reflects the impartiality that guides every act of the employees
  • The scale: justice that alights the way of acting of the group
  • The globe: the worldwide activity of Bureau Veritas
  • The caduceus: the symbol that Bureau Veritas is a company with a business ambition
  • The silhouette (sometimes also called "the lady"): shows both the human aspect of the people that constitute Bureau Veritas and the truth the group is aiming to reach

    • References

    Bureau Veritas Wikipedia
    (Text) CC BY-SA


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