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Bureau Veritas Acquires US Specialist in Oil Condition Monitoring

Source: www.gulfoilandgas.com 8/18/2014, Location: North America

Bureau Veritas has finalized the acquisition of Analysts Inc., an American specialist in oil condition monitoring (OCM). Analysts offers oil testing services to production machinery, manufacturing equipment, power generation, marine, heavy construction, mining, trucking, transit and aircraft industries. Their oil analysis programs give equipment managers recommendations to effectively assess equipment condition, plan maintenance schedules, prevent breakdowns and maximize up-time.

Established in 1960, Analysts is based in Los Angeles, California, and operates four laboratories in the United States. Analysts also operates in Mexico and Japan through joint ventures. The company employs around 190 people and with reported revenues in 2013 of approximately EUR 11M (USD 15M).

Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas, said:
"Bureau Veritas continues to successfully run its diversification strategy in oil analysis in North America and we reinforce our ability to roll out new services across our global oil laboratory network. The acquisition of Analysts further deepens our footprint in North America and positions Bureau Veritas as a leader in this highly specialized lubricant oil analysis market."

Michael Forgeron, President of Analysts, added:
"Being part of Bureau Veritas will allow us to rapidly expand our presence in the international market, as well as supporting increased growth in North America. This will position us as a global leader in the lubricant oil analysis market."

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