France, May 04, 2016 – Bureau Veritas has
reinforced its position in value-added marine services with the acquisition of
leading international consultancy TMC Marine Ltd.
TMC has been providing pre and post casualty advice
and support to the marine industry since 1979. The business focuses on marine claims and accident investigations,
salvage and wreck removal consultancy and marine expert witness services for a
client base that spans P&I clubs, law firms, marine insurers,
salvage companies and ship owners.
Headquartered in London, TMC has a network of
offices in the US, China, Singapore and Australia. It employs over 50 people
and generated revenues of EUR 8.5 million in 2015.
“Our Marine & Offshore
business, the historical activity of Bureau Veritas, is one of our eight key
growth initiatives to 2020. As such, it is evolving rapidly. We are
diversifying our service portfolio and developing our technological leadership in order to meet all our clients’
expectations in risk management. TMC is a recognized brand that enables the
Group to enhance its offering to the marine insurance consultancy market,
thereby expanding the services that we already provide in offshore to the
maritime market,” commented Didier Michaud-Daniel, CEO of Bureau
“We are very happy to be joining the expanding
Marine & Offshore division of Bureau Veritas, a leading service provider to
the international marine industry. This is a strategic alliance that will
provide TMC with technical synergies and greatly enhance the services we can
offer to new and existing clients while at the same time continuing our plan of
further geographic expansion,” added Tony Bowman, Chairman of TMC.
Bureau Veritas is a world leader in laboratory
testing, inspection and certification services. Created in 1828, the Group has 66,000
employees in 1,400 offices and laboratories around the globe. Bureau Veritas
helps its clients 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 responsibility.
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
Labels: claims investigation, classification society, expert witnesses, marine consultancy, Marine insurance, wreck removal