Global Leader Bureau Veritas Signs An Agreement To Acquire Maxxam Analytics

Last Updated: 2014/01/31 04:42:43 AM

Mississauga, Ontario. December 23, 2013. Maxxam Analytics is pleased to announce an exciting change in ownership for the company. Bureau Veritas, a global leader in testing, inspection and certification services, acquired Maxxam to further strengthen its position in Canada. Maxxam will continue to operate under the Maxxam name as a separate Canadian entity; with no changes to business structure, people or processes.

“This is an important step in the growth of Maxxam and one that enables us to stay focused on our customers, while significantly expanding the range of value-added services we can provide”, explains Jon Hantho, Maxxam’s President & CEO. “Not only is Maxxam a great fit for Bureau Veritas in terms of the industries and geographies we serve, our corporate vision and values are also extremely well aligned.”

“The technical and scientific expertise of the Maxxam team, as well as the company’s solid reputation and performance, are most impressive”, states Didier Michaud-Daniel, CEO of Bureau Veritas. “We are very excited that Maxxam is joining the Bureau Veritas group, a move that will help us establish a strong and strategic presence in North America.”

There will be no operational integration with Bureau Veritas and it will be business as usual for Maxxam’s customers and employees, based on the proven processes and high level of scientific excellence the industry has come to expect from the company. Overtime, the acquisition will allow Maxxam to leverage Bureau Veritas’ global and local networks, to exchange best practices and innovations. By tapping into an expanded suite of testing, inspection and certification services, Maxxam will be able to add value for customers by offering new services and solutions.

The transaction is subject to regulatory approval, expected in early 2014.

About Maxxam

Maxxam Analytics has been committed to contributing to our customers’ success through the application of our knowledge and expertise for over 40 years. Today, Maxxam is the market leader in analytical services and solutions to the energy, environmental, food and DNA industries. In 2012, our 2400 employees combined efficiency and customer service with rigorous science and quality management to process over 2.3 million samples and generate 41 million results. Our commitment to success with responsibility was rewarded with a Canada’s 10 Most Admired Corporate Cultures™ award and a Toronto Star Award for Excellence in Workplace Integration.

About Bureau Veritas

Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 60,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances 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, code ISIN FR 0006174348, stock symbol: BVI.

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