Bureau Veritas has
finalized the acquisition of HydrOcean, a French engineering company
specialized in hydrodynamic digital simulation for the maritime industry.
Established in 2007, HydrOcean provides design support for the
construction of ships, offshore structures, racing yachts and marine energy
systems. Its focus is on assessing and optimizing hydrodynamic performance. The
company has co-developed advanced digital simulation tools in partnership with Ecole Centrale Nantes’ fluid
HydrOcean’s services and simulation tools help reduce the risks, time
and costs associated with ship design. It operates in a fast growing market driven by sustained demand
from the shipping, offshore and yachting industries, and the emerging marine
renewable energy sector.
Based in Nantes, France, HydrOcean employs 18
engineers and had revenue of EUR 2.7 million in 2014.
“The acquisition of HydrOcean
enables Bureau Veritas to integrate an outstanding team of experts and highly
innovative entrepreneurs. The Group is increasingly developing solutions combining
its core testing, inspection and certification services with new technologies. HydrOcean fits
perfectly into this strategy thanks to its simulation tools and its technical expertise.
Its services will complement those offered by the Marine & Offshore business,
especially in reducing ship fuel consumption” commented Didier Michaud-Daniel, CEO of Bureau Veritas.
already achieved successful projects with Bureau Veritas, under the technical
and commercial cooperation agreement we have had for over a year. Today, we are
looking forward to becoming part of one of the world’s leading classification
societies and expanding our business into the international market” said Erwan Jacquin, President and founder of
Bureau Veritas is a world-leading provider in testing,
inspection and certification. Created in 1828, the Group has more than 66,500
employees in around 1,400 offices and laboratories located all across the world.
Bureau Veritas helps its clients to improve their performance by offering
services and innovative solutions in order to ensure that their assets,
products, infrastructure and processes meet standards and regulations in terms
of quality, health and safety, environmental protection and social
Bureau Veritas is listed on Euronext Paris and belongs
to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol:
For more information, visit www.bureauveritas.com