Belgium-based Bureau Veritas, a global leader in conformity assessment and certification services has announced that it has acquired Italian laboratory Certest, it said in a press release.
Established in 2004, Certest is located in Tuscany, a key production center for leather goods and apparel in Italy. The laboratory provides physical and chemical testing services to luxury international brands to assess the safety and quality characteristics of leather, footwear and other softline products, including textiles and jewelry. Certest is a leader in Italy with a strong market share and employs 32 people. The facility generated a revenue of 3.5 million euro in 2014.
At a global level, testing services for softline luxury goods are growing rapidly, driven by strong demand for independent specialist assessment services along the supply chain.
"This new acquisition meets two objectives: to expand our Consumer Products business in Europe and to grow our market share in luxury worldwide. 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 centre of expertise to boost our offer and capture more opportunities with major luxury brands" said Didier Michaud-Daniel, CEO of Bureau Veritas.
"We have built a successful commercial and technical partnership with Bureau Veritas over the past few years. 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" said Giuliano Campigli, CEO of Certest.
Bureau Veritaswhich was formed in 1828, has around 66,700 employees located in 1,400 offices and laboratories around the globe. (SH)
Fibre2Fashion News Desk – India
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