Bureau Veritas, a French standards testing and certification firm, acquired U.S.-based oil analysis and condition monitoring specialists Analysts Inc. earlier this month. Terms were not disclosed.
As of Aug. 1, Bureau Veritas purchased and took full ownership of Analysts.
Analysts will keep its name and continue to operate as before, with no changes to its business structure or operations, the Hawthorne, Calif.-based testing and analysis services company said in a recent press release.
Bureau Veritas is primarily based in France and offers laboratory testing, inspection and certification services in 140 countries based on a vast variety of quality, health, environmental and social standards and regulations.
Analysts specializes in oil testing services for production machinery, manufacturing equipment, power generation, marine, heavy construction, mining, trucking, transit and aircraft industries. With four laboratories in the U.S., and joint venture laboratories in Mexico, Japan and China, Analysts oil analysis programs, including its online-based Next Generation Lube Oil Analysis Management System, give equipment managers guidance in assessing equipment condition and planning maintenance.
Analysts CEO, Michael Forgeron said the acquisition is a win-win for both organizations. The acquisition presents our customers with new testing resources and expertise to continue to maximize the value they receive through our testing services, Forgeron said. At the same time, it strengthens Bureau Veritas presence in the global oil analysis market.
Over the next year, Analysts Inc. will begin to leverage Bureau Veritas global and local networks, to exchange best practices and innovations, Analysts noted in its press release. By tapping into an expanded suite of testing, inspection and certification services, Analysts will be able to add value for its customers by offering new services and solutions.