The APP Group, a Sydney-based property and insurance firm, was acquired by Bureau Veritas, a company offering inspection, certification and lab testing services. The acquisition was announced on November 4 and closed on Monday, December 2.
Bureau Veritas provides technical support to help customers in sectors like agriculture, automotive, cybersecurity, oil and gas and commodities, to address quality, health and safety, environmental protection and sustainability challenges. The company employs more than 83,000 people and serves customers in 140 countries.
The APP Group operates an integrated services model for the full asset capital investment lifecycle. The advisory firm serves sectors including transport, property, social infrastructure, utilities, construction and security. Joining Bureau Veritas allows the 500-person firm to strengthen its buildings and infrastructure capabilities and benefit from Bureau Veritas’ regional footprint.
“The combined expertise of Bureau Veritas and The APP Group is not only strengthening our position in the Australian market but also providing us with a robust and sustainable platform to support [buildings and infrastructure] services growth in the wider Asia Pacific region,” Hinda Gharbi, Bureau Veritas’ CEO, said in a statement. “...the integration of The APP Group now establishes our position as a partner of choice to government, infrastructure owners, large corporations and private companies.”
