Latest news with #Inspection
Yahoo
14 hours ago
- Business
- Yahoo
Odyssey Investment Partners to Sell Applied Technical Services to SGS for $1.325 Billion
NEW YORK, July 02, 2025--(BUSINESS WIRE)--Odyssey Investment Partners, LLC ("Odyssey") announced today that it has entered into a definitive agreement to sell its portfolio company Applied Technical Services, Inc. ("ATS" or the "Company"), a leading provider of specialized Testing, Inspection, Calibration and Forensic Consulting solutions in North America, to SGS, the world's leading Testing, Inspection and Certification company, in a transaction valued at $1.325 billion. ATS has a nearly 60-year history of providing critical solutions to clients across a diverse set of large and stable end markets including manufacturing, power generation, food and beverage, chemicals, aerospace, life sciences, and defense. Its market-leading service offerings include materials testing, environmental simulation, chemical analysis, calibration, non-destructive inspection, and forensic consulting. ATS is headquartered in Marietta, Georgia and employs approximately 2,100 team members in over 85 locations across the United States. ATS has undergone a dramatic transformation since it was acquired by an Odyssey fund in 2020. During this time, the Company completed nearly 40 acquisitions, through which it added considerable scale and diversified its service offerings and end markets. Further, Odyssey constructed a world-class executive team that has driven the Company forward and built out a centralized corporate structure that has enhanced efficiency across ATS's footprint. Jonathan Place, a Managing Principal at Odyssey, said, "We are very proud of our highly successful investment in ATS. In partnership with the management team, we have built an unparalleled North American business in terms of scale and diversity, and one that is regarded by its customers as a best-in-class service provider. As a result of our many accomplishments, ATS is well positioned for continued long-term growth and strong performance, and has attracted the interest of the global leader, which envisions it as a critical piece in achieving its considerable ambitions in North America. In addition, the strength and size of the SGS network will provide greater opportunities for ATS to expand its services to new geographies. We are grateful to the management team for their hard work and dedication and wish all of ATS's employees continued success as part of SGS." ATS CEO Mike McIlwain added, "Odyssey has been an exceptional partner to ATS over the past four years. Under its ownership, our business achieved unprecedented growth as a result of the team's vision, industry experience, and the considerable financial and strategic resources they made available to us. I want to thank the entire ATS team for their tireless efforts and commitment to realizing this vision. Together with Odyssey, we've built upon our strong brand and service culture, which has further strengthened our loyal customer relationships. As we move on to a new chapter, we thank Odyssey for our collaboration, the benefits of which will be felt for years to come." Completion of the transaction, which is expected by the end of 2025, is subject to customary closing conditions. Houlihan Lokey is serving as lead financial advisor with Rothschild & Co. as co-financial advisor, and Latham & Watkins LLP is serving as legal counsel to Odyssey. About Odyssey Investment Partners Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes primarily majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit View source version on Contacts Mark Semer / Grace CartwrightGasthalter & Co.(212) 257-4170odyssey@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
18-06-2025
- Business
- National Post
28 Strategy Execution and Evolves its Executive Committee
Article content PARIS — , a global leader in Testing, Inspection, and Certification services (TIC) is accelerating the execution of its LEAP | 28 strategy to reach its vision of being the preferred partner for its customers' excellence and sustainability. Taking LEAP | 28 to the next level, Bureau Veritas is evolving the structure of its executive committee to drive greater organizational alignment, strengthening its geographical platform with scalable Product Line structures, and optimizing its operations to enhance agility and effectiveness. Since the strategy launch in March 2024, LEAP | 28 strategy execution has progressed steadily in all three pillars – Portfolio, Performance & People – and is now reaching an important stage requiring an evolution of the operating model. The new structure will empower the regions with scalable Product Lines, enabling global offers development, unlocking greater cross-selling opportunities, and driving growth and profitability. Article content The current six operating geographical Regions will be reorganized into four greater Regions: Americas, Europe, Asia Pacific, Middle East Caspian & Africa. The Product lines will be managed under three executive committee members who will lead: Industrials and Commodities, Urbanization and Assurance, and Consumer Products Services. These groupings at the executive committee level are aligned with customer workflows and market needs. Article content Article content Considering the company ambition to scale performance programs across all the Regions and Product lines, a Chief Performance Officer and Executive Committee member role will be dedicated to lead the LEAP I 28 performance pillar and the overall optimization of key performance functions of operational excellence & performance, and sales & marketing. This role will drive the design, governance, and overall implementation and monitoring of these programs in coordination with other stakeholders across the organization. Article content 'By directly connecting Product Lines to a simplified regional structure, we are strengthening our regional expertise and building deeper relations with our customers. This organization will also allow us to create more agility as we accelerate the execution of our LEAP | 28 strategy. Article content This new organization will leverage scale, benefit from a well-defined structure, thus speeding up decision making, performance impact, and innovation. I fully trust our Bureau Veritas Executive team to mobilize the entire organization to achieve our vision and deliver on our ambition.' Article content The transition period will extend from July 1 st to the end of August 2025. Effective September 1 st 2025, the Group Executive Committee will be structured and composed as follows: Article content Product Lines: Article content Industrials and Commodities: Executive Vice-President > Matthieu Gondallier De Tugny Urbanization and Assurance: Executive Vice-President > Marc Roussel Consumer Products Services: Executive Vice-President > Catherine Chen Article content Business Functions: Article content Corporate development & sustainability: Executive Vice-President > Juliano Cardoso Chief Performance Officer: Executive Vice-President > Laurent Louail Chief Digital & Innovation Officer: Executive Vice-President DxT (Digital & Technology) > Philipp Karmires Article content Support Functions: Article content *** Article content About Bureau Veritas Article content Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate change. Created in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit and follow us on LinkedIn. Article content *** Article content Biographies: Article content Vincent Bourdil, Article content appointed Executive Vice-President, Europe, joined Bureau Veritas in 2016 and has held multiple leadership roles across the company. His most recent roles were Executive Vice-President, Global Business Lines & Performance before becoming Executive Vice-President, Commodities, Industry & Facilities, Southwest Europe. Article content Khurram Majeed Article content remains Executive Vice-President, Middle East, Caspian & Africa. He is a seasoned industry leader with over 23 years of senior management experience across energy, oil & gas, and other sectors. Khurram joined Bureau Veritas in 2024 as Executive Vice-President, Middle East, Caspian & Africa. Article content Surachet Tanwongswal Article content remains Executive Vice-President Asia Pacific. He joined Bureau Veritas in 2024 as Executive Vice-President for Commodities, Industry & Facilities in Asia Pacific. Prior to this, Surachet held leadership roles at Ecolab and other global B2B companies. Article content Matthieu Gondallier de Tugny, Article content appointed Executive Vice-President Industrials and Commodities, joined Bureau Veritas in 1994 and has held various technical, operational, and leadership roles in Marine & Offshore. His most recent role was Executive Vice-President, Marine & Offshore. Article content Marc Roussel, Article content appointed Executive Vice-President Urbanization and Assurance, joined Bureau Veritas in 2015 and has held multiple leadership roles across the company. His most recent role was Executive Vice-president, Commodities, Industry & Facilities, France. Article content Catherine Chen Article content remains Article content Article content Executive Vice-President Consumer Products Services. She joined Bureau Veritas in 2005 and has held various sales, marketing, and operational leadership roles in Consumer Product Services. Catherine will continue to connect Consumer Products & Technology Product Lines, as Executive Vice-President, Consumer Products Services. Article content Laurent Louail, Article content appointed Executive Vice-President Chief Performance Officer, joined Bureau Veritas in 1995 and has held multiple leadership roles across the company. His most recent roles were Executive Vice-President, Commodities, Industry & Facilities in Southwest Europe, before becoming Executive Vice-President, Global Business Lines & Performance. Article content Juliano Cardoso Article content remains Executive Vice-President Corporate Development & Sustainability. He joined Bureau Veritas in 1999 and has held leadership roles across the company. Juliano will continue to lead our corporate development and sustainability efforts in his current role as Executive Vice-President, Corporate Development & Sustainability. Article content Philipp Karmires Article content remains Executive Vice-President Chief Digital & Innovation Officer. He is a senior executive with over 20 years of experience in digital transformation, enterprise software and product innovation. Philipp joined Bureau Veritas in 2024 and will continue to lead the DxT (Digital & Technology) function as Executive Vice-President, Chief Digital & Innovation Officer. Article content François Chabas Article content remains Executive Vice-President Chief Financial Officer. He joined Bureau Veritas in 2003, holding finance roles with increasing responsibility before becoming Chief Financial Officer in 2014. François will continue to lead the finance function as Executive Vice-President, Finance. Article content Maria Lorente Fraguas Article content remains Article content Article content Executive Vice-President Chief People Officer. She joined Bureau Veritas in 2024 after holding senior operational and human resources roles in international companies across multiple countries. Maria will continue to lead the people function as Executive Vice-President, Chief People Officer. Article content Article content Executive Vice-President Legal & Internal Audit. She joined Bureau Veritas in 2020 after serving as general counsel for other companies in France. Béatrice will continue to lead the legal and compliance function as Executive Vice-President, Legal affairs & Internal Audit. Article content Article content Article content Article content Article content Contacts Article content ANALYST/INVESTOR CONTACTS Article content Article content Laurent Brunelle Article content Article content +33 (0)1 55 24 76 09 Article content Article content Article content Colin Verbrugghe Article content Article content +33 (0)1 55 24 77 80 Article content Article content Article content MEDIA Anette Rey Article content Article content +33 (0)6 69 79 84 88 Article content Article content Article content Martin Bovo Article content Article content +33 (0) 6 14 46 79 94 Article content Article content Article content Karine Ansart Article content Article content Article content Article content
Zawya
02-06-2025
- Business
- Zawya
Bureau Veritas Strengthens Regional Presence in Southern Africa
In Johannesburg, the company's new office in Sandton, was officially inaugurated. The event was attended by local employees and the regional leadership from South Africa, Zambia, and Namibia. This relocation places Bureau Veritas ( at the centre of Southern Africa's financial and commercial hub. Following the inauguration, the Bureau Veritas team conducted visits to oil&gas and energy clients in neighbouring Maputo, Mozambique, bringing together key stakeholders and partners, reinforcing Bureau Veritas as the preferred partner in Testing, Inspection and Certification (TIC) sector in the region. It comes as Bureau Veritas Mozambique recently celebrated its 15th anniversary, with celebrations taking place in their new offices in Maputo. Khurram Majeed EVP Middle East, Caspian and Africa said 'As part of Bureau Veritas' LEAP | 28 Strategy, Southern Africa has been identified as a key region for the company's growth on the African continent. I was pleased to visit the teams here and see the strength and commitment across the region. Their passion and expertise show that we are driving real impact for our clients." Speaking on the regional head office move, Area Chief Executive for Southern Africa Gavin Hefer added,"Moving into the heart of Sandton puts us at the centre of the region's commercial and innovation ecosystem. We are closer to our clients, partners, and key stakeholders – and better positioned to serve them. We are excited about our prospects in Southern Africa and there is a lot of energy within our teams to continue driving value to our clients.' Bureau Veritas' in Southern Africa Bureau Veritas has been operating in Southern Africa since for over two decades leveraging its global expertise to support industry-specific needs across the region. With presence in South Africa, Zambia, Mozambique, Zimbabwe and Namibia, Bureau Veritas delivers testing, inspection and certification services to ensure safety, compliance and quality across the region to both the public and private sectors. Distributed by APO Group on behalf of Bureau Veritas. MEDIA CONTACTS: Mellony RAMALHO +27 (0)011 217 6300 Prince CEKESHE +27 (71 786 8388) Follow us on: LinkedIn X/Twitter About Bureau Veritas: Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for its customers' excellence and sustainability, the company innovates to help them navigate change. Created in 1828, Bureau Veritas' 83,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI For more information, visit The head office for Bureau Veritas Southern Africa is based in Sandton, Johannesburg – South Africa For more information, visit.
Gulf Insider
16-05-2025
- Business
- Gulf Insider
44 Truckloads Of Waste From Illegal Manama Street Vendors
Manama's streets saw 44 truckloads of unlicensed vendor materials cleared in the first quarter of the year, council members heard during yesterday's Capital Trustees Board session. A detailed briefing laid out recent sweeps carried out in tandem with other aim was to rein in unlicensed selling and bring order to public spaces often blocked or cluttered by hawkers. Khalifa Al Kaabi, Acting Director of Inspection, said clear rules are in place. Safety rules Only Bahraini citizens can apply for a street vending spot. They must be jobless, at least 21 years old, and follow safety rules when trading in the approved spots. Yousif Al Bannai, Acting Head of Cleaning, said the issue of foreign hawkers remains stubborn, especially in busy parts of the capital. Eleven sweeps were carried out between January and March, targeting hotspots like Shaikh Hamad Avenue, Sa'sa'a Avenue, and Zubara Avenue. These efforts cleared dozens of lorry-loads of gear and rubbish. An inspector brought over from Muharraq Municipality said several men had been caught selling fish on Sitra Island without a licence. Fines of up to BD100 were handed out. Lamya Al Fadhala, Acting Director General of the Capital Municipality, said any meat or vegetables taken from unlicensed vendors is thrown out. Some of it has expired, and the rest is simply unsafe to eat. She urged Bahraini sellers to sort out their paperwork, follow health and safety rules, and stick to the town's trading guidelines. Also read: Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Daily Tribune
15-05-2025
- Daily Tribune
44 truckloads of waste from illegal Manama street vendors cleared
Manama's streets saw 44 truckloads of unlicensed vendor materials cleared in the first quarter of the year, council members heard during yesterday's Capital Trustees Board session. A detailed briefing laid out recent sweeps carried out in tandem with other bodies. The aim was to rein in unlicensed selling and bring order to public spaces often blocked or cluttered by hawkers. Khalifa Al Kaabi, Acting Director of Inspection, said clear rules are in place. Safety rules Only Bahraini citizens can apply for a street vending spot. They must be jobless, at least 21 years old, and follow safety rules when trading in the approved spots. Yousif Al Bannai, Acting Head of Cleaning, said the issue of foreign hawkers remains stubborn, especially in busy parts of the capital. Eleven sweeps were carried out between January and March, targeting hotspots like Shaikh Hamad Avenue, Sa'sa'a Avenue, and Zubara Avenue. These efforts cleared dozens of lorry-loads of gear and rubbish. An inspector brought over from Muharraq Municipality said several men had been caught selling fish on Sitra Island without a licence. Fines of up to BD100 were handed out. Lamya Al Fadhala, Acting Director General of the Capital Municipality, said any meat or vegetables taken from unlicensed vendors is thrown out. Some of it has expired, and the rest is simply unsafe to eat. She urged Bahraini sellers to sort out their paperwork, follow health and safety rules, and stick to the town's trading guidelines.
