PRESS RELEASE

Paris – November 4, 2024

Bureau Veritas strengthens its Buildings & Infrastructure leadership position in Asia-Pacific with an agreement to acquire The APP Group

Bureau Veritas, a global leader in Testing, Inspection, and Certification services, announced today that it has signed an agreement to acquire The APP Group, a leading provider of Assurance, Compliance, Independent Verification and Certification (IV/IC), Construction Supervision, Project Management, Strategic Advisory and Asset Management and Optimization Services across the full asset investment lifecycle in the Buildings and Infrastructure sectors in Australia. This strategic move will significantly enhance Bureau Veritas' presence in the Asia-Pacific region and develop its capabilities to support infrastructure projects. This acquisition is aligned with Bureau Veritas’ LEAP | 28 strategy to expand leadership in Buildings and Infrastructure, diversifying its portfolio and investing in an attractive regional market.

Bureau Veritas contributes to safer, sustainable and resilient buildings and infrastructure, delivering dedicated solutions from early-stage feasibility through construction and into asset operations. Its global reach and comprehensive service portfolio empowers clients across the entire asset lifecycle. This acquisition will expand Bureau Veritas’ Buildings and Infrastructure capabilities by adding significant project management assistance expertise to asset owners, as well as construction management, independent project verification and certification and leverageable scale to support growth in the wider Asia Pacific region.

The APP Group has an impressive 35-year track record as a trusted partner to government, infrastructure owners, large corporations and private clients in Australia, and is recognized as a leader in Assurance, Compliance, Independent Verification and Certification (IV/IC) across major Australian transport infrastructure projects. The APP Group brings a team of 500+ and access to a pool of over 200 specialist sub-consultants. It has a strong presence in transport infrastructure, buildings, social infrastructure and facilities and manages a client portfolio of over 200 customers. The company is headquartered in Sydney, Australia and delivered revenues of €87 million in 2023.

Hinda Gharbi, Chief Executive Officer of Bureau Veritas, commented: "When closed, The APP Group acquisition will mark a significant milestone in our LEAP | 28 growth strategy for the Buildings & Infrastructure business in Asia Pacific. This move will not only strengthen our position in the Australian market but will also provide us with a robust platform to expand our B&I services across the region. The APP Group’s recognized expertise and reputation will perfectly complement our existing capabilities, allowing us to offer more comprehensive solutions to our clients."