Bureau Veritas to acquire a leading Sustainability specialist for consumer products in Italy

Core Insights - Bureau Veritas is acquiring SPIN360, an Italian consulting firm specializing in sustainable innovation for premium fashion and luxury brands, to enhance its capabilities in the Consumer Product Services industry [1][2][3] Group 1: Acquisition Details - The acquisition aligns with Bureau Veritas' LEAP | 28 strategy aimed at establishing strongholds in key markets, particularly Italy [2] - SPIN360 offers proprietary Life Cycle Assessment (LCA) tools and data-driven advisory services, which will complement Bureau Veritas' certification and supply chain auditing expertise [3] - SPIN360 generated approximately €4 million in revenue in 2024 and employs around 30 experts in various sustainability-related fields [4] Group 2: Strategic Goals - The acquisition is intended to position Bureau Veritas as a global center of excellence for premium fashion and luxury brands, enhancing its portfolio in sustainability solutions [3][5] - Bureau Veritas aims to be the preferred partner for brands navigating sustainable transformation, reflecting its commitment to integrated compliance and sustainability solutions [5]