PRESS RELEASE

Paris – October 07,2024

Bureau Veritas enhances its Buildings & Infrastructure solutions through Buildings & Information Modeling digital enablement by acquiring IDP Group

IDP Group to become a new Bureau Veritas Global Technical Center for BIM and Digital Solutions for Buildings & Infrastructure and Energy

Bureau Veritas, a global leader in Testing, Inspection, and Certification services, today announced the acquisition of IDP Group, a leading independent provider of BIM (Building Information Modeling), Project Management Assistance and Digital Twin services for the public and private sector, with strong positioning in decarbonization and other high-value verticals. This acquisition is aligned with Bureau Veritas LEAP | 28 strategy to expand leadership in B&I, while investing in strategic and promising digital portfolio assets to meet sustainability challenges.

Bureau Veritas contributes to safer, sustainable and resilient buildings and infrastructures, delivering dedicated solutions from feasibility studies to construction and asset operations.
Its global reach and comprehensive assets service portfolio empower clients across the entire construction and value chain. This acquisition will expand Bureau Veritas’ B&I capabilities by enhancing its global end-to-end Buildings & Infrastructure services’ operational capabilities, leveraging innovative BIM expertise, consulting and Digital Twin asset digitalization.

The IDP Group provides its customers with advanced and integrated engineering services and multi-sector technical services for energy and electrification, industry, environment, Buildings & Infrastructure, data centers and telecommunications. Since 1998, the IDP Group has consistently invested in R&D, focusing on Digital Twin technology, decarbonization, and hydrogen initiatives. It delivered revenues of €30.2 million in 2023 and is headquartered in the Barcelona region. Capitalizing on c. 500 highly skilled experts, IDP Group will become a Bureau Veritas Global Technical Center for BIM, project management assistance and Digital Twin services allowing its expertise to scale up worldwide.

“Building on our recent portfolio high grading announced earlier today, we continue our inorganic growth strategy with the acquisition of IDP Group. This marks an important milestone for Bureau Veritas in delivering its LEAP | 28 strategy, expanding our digital services and competences as well as our innovation skills and strengthening our leading position in the B&I market”, said Hinda Gharbi, Chief Executive Officer of Bureau Veritas. IDP Group has provided tangible value to a wide range of clients across various sectors in Spain during the past 26 years, supported by a seasoned management team. Joining forces with Bureau Veritas will help to further scale the company's capabilities internationally, benefitting our clients globally. I warmly welcome all our new colleagues from IDP Group.”