The marine insurance information office, 1828, was established in Antwerp, Belgium. Its mission is simple: to provide marine insurance companies with the latest information on the rates used in commercial centers and accurate information on the status of ships and equipment.
1829, the company changed its name to Bureau VERITAS, adopted the symbol of "truth" as its official symbol, and edited the first register, including about 10000 ships. 1833, the headquarters office was moved from Antwerp to the Paris office established in 1830.
The company continues to develop and expand into many new fields, such as "material control", steel material testing in emerging railway industry and factory equipment testing. 1922, the French government entrusted Bureau Veritas International Inspection Group as the official control agency of the airworthiness certificate for civil aircraft. However, Bureau Veritas International Inspection Group has not neglected the automobile industry: Bureau Veritas International Inspection Group has provided inspection services for automobiles, buses and trucks since 1927.
... the way forward for Bureau Veritas International Inspection Group (BV)
What achievements has Bureau Veritas International Inspection Group (BV) made since its establishment? Diversified products to achieve future success.
For a more detailed historical introduction, please click the following link:
1828, the company was born.
1830- 1980, reaching a wider customer base.
1980- 1990, enterprise expansion
1990-2000, strategic vision and mergers and acquisitions
After 2000, build a solid growth platform.
Open up the way forward
1828, the company was born.
182 1 winter, violent storms swept through Europe, causing about 2,000 ships to die and about 20,000 people to die, and the insurance company suffered a heavy blow. Most of these insurance companies go bankrupt, and for those companies that survive, the market competition with new entrants in the future is also very cruel. It was during this critical period that two insurers, Alexandre and Louis van den Broek, together with insurance broker Auguste Morel, established the Maritime Insurance Supervision Bureau.
Established in Antwerp, Belgium, 65438-0828 has a simple mission: to provide transportation insurance companies with the latest insurance rate information used in commercial centers and accurate information on the status of ships and equipment.
However, it is its brand-new method that makes this company stand out from the competition.
Besides pointing out the types of navigation that each ship can perform, it also describes their risk levels (3/3, 2/3, 1/3). The calculation of this figure takes into account the ship's structural design, material quality, structural strength, service life, previous accidents and the maintenance of hull and rigging.
1829, the company changed its name to Bureau Veritas International Inspection Group, edited the first register-including about 10000 ships-and adopted the symbol of "truth" as the company logo.
Truth and evidence
The original logo of 1829 was designed by Achille Deveria and carved by Jacques-Jean Barre. The fable image of "truth"-a woman who appeared at the well-was chosen as the company logo. Several founders explained their ideas in letters distributed with each register and clearly stated their goal: "to seek and spread the truth fairly".
Reach out to a wider customer base (1830- 1980)
1830, Bureau Veritas International Inspection Group established a branch in Paris. But it was not until 1833 that the headquarters was moved to the French capital due to the expansion of business activities.
Under the leadership of the new management, the company has regained its vitality and continued to grow, as stated in this first letter of recommendation:
No matter in France or overseas, there is no manual comparable to this one in any industry field, which has provided great help to the vast number of insurance companies and shipping companies. We don't understand why this institution has given up the protection and shelter of the government, but has gone beyond its purpose for the benefit of the public.
Insurance enterprise magazine, 1830.
Bureau Veritas International Inspection Group has also attracted attention in other fields. The company appeared in Verne's three novels:
-Two Wan Li under the Sea (1869)
-Mysterious Island (1874)
-Survivor of the Speaker (1875)
The name Bureau Bureau VERITAS has also been included in the French dictionary larousse and Webster's Dictionary (19 13). ...
global expansion
Undoubtedly, the best proof of the strength of Bureau Veritas International Inspection Group is its expanding global position-first in Europe, then in the United States, and finally in all major ports of other countries.
With the expansion of the industrial revolution, Bureau Veritas International Inspection Group is also expanding its service field. With the application of steel in shipbuilding, the material inspection at the production site becomes very critical. 19 10, Bureau Veritas International Inspection Group developed a brand-new service-material control. Its purpose is to test all materials used from industrial equipment to diesel engines and locomotives and the factory itself.
1922, the French government entrusted Bureau Veritas International Inspection Group as the official control agency of the airworthiness certificate for civil aircraft. The company's rich experience in shipping has proved to be very valuable. ) The company has developed new aviation services and regularly implemented inspection and investigation procedures according to specific regulations.
Similarly, in response to the demand of insurance companies for regular technical inspection of automobiles, buses and trucks, Bureau Veritas International Inspection Group established a motor vehicle service project at 1927.
As there are more and more accidents in the construction boom after World War I, insurance companies realize that they can no longer bear all these risks unless they can control them in advance. Bureau VERITAS once again responded to this market demand and launched "architectural and civil engineering Control Service" at 1929.
By 1932, Bureau Veritas International Inspection Group had established its own laboratory in Levallois-Perret near Paris, engaged in metallurgical and chemical analysis and testing of building materials.
Enterprise development (1980- 1990)
During the periods of 1980 and 1990, Bureau Veritas International Inspection Group also established many new branches according to specific needs.
BIVAC-1984, the Nigerian government contacted Bureau Veritas International Inspection Group and requested to provide pre-shipment inspection of imported goods. For the company, this is a brand-new business field, and it is a business that can be quickly mastered and applied to other countries. A global network was quickly established and began to cooperate with governments around the world.
BVQI- now the certification department of Bureau Veritas International Inspection Group -by 1988, quality and ISO certification have become key issues for many companies. With the increasing demand for independent third-party management system certification, Bureau Veritas International Inspection Group has occupied a strong position in this market.
VERITAS Auto- the main branch established in 1990, engaged in regular inspection service of motor vehicles. After a few years, the business terminated.
Strategic Vision and M&A (1990-2000)
From 65438 to 0995, two new institutional shareholders, CGIP and Poincare Investment Company, injected new impetus into Bureau Veritas International Inspection Group. At the same time, the global economic environment is evolving at an unprecedented speed. Driven by the economic prosperity in Asia and the strong emerging economies in Russia and Eastern Europe, the market is constantly changing. In addition, in Europe and North America, people pay more and more attention to quality, health, safety and environmental issues, and new laws and regulations are constantly introduced. The rapidly developing countries have begun to adjust their legal requirements according to Europe and America. Because economically developed countries require their suppliers in other countries to abide by the same standards, standards have begun to enter the supply chain.
In this challenging environment, Bureau Veritas International Inspection Group has formulated a series of priority tasks according to external growth to help consolidate its position in a more mature economy.
Main activities of M&A
An important M&A in France made 1996 an important year in the company's history: Bureau Veritas International Inspection Group acquired 0/00% equity of CEP/KLOC-0, thus becoming the leader in the French construction conformity assessment industry.
Soon after, Bureau Veritas International Inspection Group acquired two American companies with a long history and their laboratories in Asia-1998 ACTS and 200 1 year MTL-which added new core competence to the company: firmly consolidated its position in the field of consumer goods inspection. "Consumer Goods Service Department" is the leading quality assurance service provider for consumer goods manufacturing and retail enterprises in the world.
Building a solid growth platform (after 2000)
In the past few years, Bureau Veritas International Inspection Group has streamlined its organizational structure to better pay attention to and maintain the strong growth trend. At present, the Group * * * has eight global business areas:
-Classification Society
-Industrial services
-Inspection and in-service inspection
-Health, safety and environment
-Construction services
-Certification services
Consumer goods service
-Government services and international trade
Bureau Veritas International Inspection Group has strong competitive advantages in the following eight global business areas:
-All these eight businesses have great growth potential in the market.
-Every business is in the leading position in the world.
-Ability to take advantage of an efficient and intensive global network.
-Strong technical ability recognized by many relevant management and credit institutions.
-M&A has left a solid footprint for the company's development.
The company's activities in M&A are very active, especially in the last five years, which has provided a solid development platform for Bureau Veritas International Inspection Group, especially in the following three countries:
United States:
After acquiring American laboratories in 2003, the group acquired Berryman &; Henigar and Graham Marcus further consolidated their position in the United States. Their businesses include standard compliance testing, planning and construction management, asset management and environmental services. In addition, at the beginning of 2005, the Group acquired Linhart Peterson Power Associate (LP2A), which specializes in providing services to American municipal councils, especially those meeting building standards. Later, Bureau Veritas International Inspection Group acquired OneCIS, the inspection department of OneBeacon Insurance Group, which provided a business platform for the French International Inspection Bureau to inspect and evaluate pressure equipment according to American ASME standards. In 2005, Bureau Veritas International Inspection Group also consolidated its business capability in QHSE through the acquisition of Clayton and NATLSCO.
Britain:
In this country, which has shown good investment momentum in infrastructure and construction industries in the past, Bureau Veritas International Inspection Group acquired Vickers Group in 2002. It has brought excellent environmental and geological consulting capabilities and testing laboratories for building materials and analytical chemistry to the whole country. Another important milestone is that in 2005, Bureau Veritas International Inspection Group acquired Casella, the leader of QHSE service in the British market.
Australia:
In 2006, Bureau Veritas International Inspection Group acquired three Australian enterprises, thus establishing a national HSE platform: Kilpatrick, Intico and IRC. Intico has also brought Bureau Veritas International Inspection Group a strong inspection service position in the mining industry.
Open up the way forward
In the past 10 years, the expanding organization scale and more than 50 M&A activities have enabled us to occupy the leading position in the global market and provide us with extensive and unparalleled professional skills in the field of QHSE management.
Now, Bureau Veritas International Inspection Group (BV) wants to share these skills with you.