Bureau Veritas becomes the market leader in Australia for food testing with Dairy Technical Services

18/04/16

 Bureau Veritas is pleased to announce the acquisition of a majority stake in the Australian company Dairy Technical Services (“DTS”), Australia’s leading provider of food laboratory testing and analysis. The remaining stake will be held by AsureQuality, a New Zealand state-owned company.

Since its inception in 1954, DTS has partnered a large number of Australian agri-food groups, tracing and guaranteeing the quality of food and agricultural products from field to fork. Based in Melbourne, Dairy Technical Services has three other laboratories in Australia. It employs 400 people and had revenues of €35 million in 2015.

This transaction will enable Bureau Veritas to access markets controlled by the major agri-food players in Asia-Pacific, and offer a large range of services that enable companies to reduce risk, ensure quality and improve productivity throughout the supply chain.

“DTS’ solid reputation in food testing stems from both its comprehensive range of services, and the quality of its analysis. DTS enjoys longstanding partnerships with the largest industry players and I am delighted at the number of opportunities this presents. This transaction confirms the growing presence of Bureau Veritas in the agri-food testing market. It will enable the Group to reinforce its position and gain market share faster in a sector which represents one of the major growth initiatives in our 2020 strategic plan”, commented Didier Michaud-Daniel, CEO of Bureau Veritas.

Partnering with AsureQuality in the acquisition of DTS, will bring its recognized expertise in the agri-food industry, and benefit from Bureau Veritas’ worldwide network. This transaction offers numerous synergies in the short-term.

 

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