Bureau Veritas has acquired GeoAssay, reinforcing its leadership in the Chilean copper market. This acquisition enhances its service capabilities in the Metals & Minerals sector, particularly in mineral analysis. The company aims to address customer demands for precision and rapid results through an expanded network of advanced laboratories in Chile.
Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC) services, has solidified its dominant position in the Chilean copper market through the acquisition of GeoAssay. This development reinforces Bureau Veritas’ leadership role within the Metals & Minerals sector in Chile, a country renowned for being the world’s largest producer of copper.
The Metals & Minerals operations of Bureau Veritas are designed to support clients across the mining cycle, from extraction at the mine to shipping at the port. This support is facilitated by accurately assessing the physical, chemical, and geochemical properties of materials through a vast network of laboratories. Bureau Veritas continues to expand its presence in resource-rich regions globally, particularly in major ports and mining locations.
GeoAssay is recognized for its specialization in copper, an essential component in larger-scale energy transitions. The company operates three state-of-the-art, fully automated laboratories situated strategically in Chile. These facilities enhance Bureau Veritas’ regional presence and cater to customer proximity. GeoAssay employs 264 technical staff who possess significant expertise in robotics and automation, along with backgrounds in the mining industry.
With the acquisition of GeoAssay, Bureau Veritas will bolster its service offerings in the copper segment, catering to existing clients while also attracting new ones. Enhanced services will focus on delivering precision, high accuracy, full traceability, and rapid turnaround times for mineral analysis.
Hinda Gharbi, Chief Executive Officer of Bureau Veritas, emphasized the importance of this integration, stating, “The integration of GeoAssay’s state-of-the-art laboratories allows us to immediately meet growing customer demands in Latin America. Our clients will benefit from faster and more accurate results, further strengthening our position in this market. I would like to welcome our new colleagues to Bureau Veritas.”
Feliciano Herrera, Chief Executive Officer of GeoAssay, expressed enthusiasm for the transaction, noting, “I am thrilled about this transaction. Our investments since 2017 are now bearing fruit and I am confident that our laboratory testing activities will reach new heights by leveraging Bureau Veritas’ expertise and scale. Beyond our cutting-edge industrial facilities, the expertise of our 264 employees will bring indisputable added value to Bureau Veritas’ extensive customer portfolio.”
Founded in 1828, Bureau Veritas is a leading entity in inspection, certification, and laboratory testing services. With a mission to shape a world of trust, the company aims to ensure responsible progress and collaborates with clients for excellence in sustainability. The firm operates with a workforce of 84,000 across 140 countries, facing the challenges of quality, health and safety, environmental protection, and sustainability.
The acquisition of GeoAssay by Bureau Veritas marks a significant step to enhance its dominance in the Chilean copper market. With advanced laboratory capabilities and a dedicated workforce, Bureau Veritas aims to meet growing market demands and improve service offerings. This strategic move positions the company for sustained growth and innovation in the mining sector, aligning with its commitment to client excellence and sustainability.
Original Source: www.ad-hoc-news.de
