Bureau Veritas has acquired of Zhejiang Jianchuang Testing & Technology Service Co. Ltd., a Chinese testing organization for softline products active in the online retail marketplace.
With China continuing to focus on domestic market consumption growth, Bureau Veritas said testing specialists with local market knowledge and business practices are critical for sustained growth. China is already one of the largest apparel markets in the world and with e-commerce being the major apparel retail channel, Jianchuang’s focus on softlines and online, as well as its location in Hangzhou’s e-commerce hub in East China, will be a key benefit to Bureau Veritas.
With the testing business established in 2015, Jianchuang provides a fast testing service for a wide range of softline products such as apparel and home textiles servicing hundreds of online brands and thousands of vendors and factories selling within the growing China market. Terms of the transaction were not disclosed.
“With the acquisition of Jianchuang, Bureau Veritas acquires a strategically located testing hub in Hangzhou with in-depth local knowledge on e-commerce and local brands, and services being delivered 24/7, Catherine Chen, president of Bureau Veritas Consumer Products Services, said. “This strategic partnership is well aligned to Bureau Veritas CPS’ diversification strategy–two critical foundations being China retail and online. With JC on board, we will continue our acceleration in these spaces in China, but also worldwide as we replicate the successful service model into selected consumer goods testing labs worldwide to support growth in the China and online markets.”
Bureau Veritas is a global player in laboratory testing, inspection and certification services. With 75,000 employees located in more than 1,600 offices and laboratories around the globe, Bureau Veritas helps clients improve their performance by offering services and innovative solutions to help ensure their assets, products, infrastructure and processes meet standards and regulations in quality, health and safety, environmental protection and social responsibility.
The Consumer Products Services division is a global quality assurance provider for the global consumer product and retail markets. It offers an array of specialized services including testing, inspections, audits and engineering services for a wide range of consumer products.