Announced
Synopsis
Bureau Veritas, a firm involved in the testing, inspection, and certification, agreed to acquire Zhejiang Jianchuang, a provider of product testing services catering to the online retail marketplace. Financial terms 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 & Local Brands and services being delivered 24/7. 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 & Online Markets," Catherine Chen, Bureau Veritas President of Consumer Products Services.
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