CerTest, located in Tuscany, provides physical and chemical testing services for international luxury brands making goods like leather, textiles and footwear.
With global demand for luxury softlines testing on the rise as compliance throughout the supply chain becomes increasingly relevant, the acquisition could be well timed.
“This new acquisition meets two objectives: to expand our consumer products business in Europe and to grow our market share in luxury worldwide,” Bureau Veritas CEO Didier Michaud-Daniel, said. “CerTest will enable Bureau Veritas to gain full access to Italy, the second largest softline luxury goods production country. We will also leverage CerTest as our European center of expertise to boost our offer and capture more opportunities with major luxury brands.”
CerTest already commands a strong market share in Italy, according to Bureau Veritas, and the 32-employee company generated 3.5 million euro ($3.7 million) in revenue last year.
“We have built a successful commercial and technical partnership with Bureau Veritas over the past few years,” CerTest CEO Giuliano Campigli, said. “Becoming a member company of Bureau Veritas will propel us forward as the group’s bridgehead for consumer products services in Italy and will help us keep growing internationally.”