PRESS RELEASECourbevoie – January 23, 2026 Bureau Veritas to acquire a leading Sustainability specialist for consumer products in Italy Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), announces the acquisition of SPIN360, a leading Italian consulting firm specialized in sustainable innovation and development across primary premium fashion and luxury brands. This acquisition aligns with Bureau Veritas’ LEAP | 28 strategy to create new strongholds in the Consumer Pr ...

Core Insights - The increasing expectations for Environmental, Social, and Governance (ESG) from society are putting pressure on non-listed small and medium-sized enterprises (SMEs) to disclose reliable sustainability data [1][3] - The Voluntary Sustainability Reporting Standard for Non-Listed SMEs (VSME) provides a simplified and scalable solution for micro, small, and medium enterprises, serving as an alternative to the Corporate Sustainability Reporting Directive (CSRD) [1][3] Group 1: VSME Overview - VSME is a voluntary standard specifically designed for non-listed micro, small, and medium enterprises that are not required to comply with CSRD but face growing ESG reporting demands [3] - Two modules are available under VSME: a basic module and a comprehensive module, allowing companies to choose based on their needs and capabilities [3] Group 2: Basic Module - The basic module requires SMEs to disclose 11 simplified ESG information items, focusing on key indicators without the need for dual materiality analysis [4] Group 3: Comprehensive Module - The comprehensive module adds nine additional disclosure items for SMEs needing to provide more detailed reports, including general information, environmental indicators, social indicators, governance indicators, business model and strategy, practices and policies, Scope 3 greenhouse gas emissions, climate risks and GHG targets, and human rights [5] Group 4: Benefits of VSME - VSME helps clarify sustainability positions and standardizes ESG reporting, enhancing transparency and building trust with stakeholders [7] - Clear and structured information disclosure improves relationships with banks and investors, facilitating better financing channels [8] - Preparing for future regulations by proactively addressing potential reporting obligations under evolving EU directives and standards [9] - Identifying internal ESG opportunities by recognizing gaps in energy, water, waste, and labor management performance [10] - Gaining a competitive advantage through verified and credible reporting, showcasing sustainability leadership in the industry [11] Group 5: SGS Services - SGS offers end-to-end services covering the entire VSME process, from understanding standards to report preparation, data verification, and report assurance [13] - Customized services for VSME implementation are available based on the company's needs and maturity, providing guidance and tools for understanding and adopting VSME standards [13]

Q3 2025 Financial Highlights - Revenue grew by 71% with organic growth of 63%[9] - Adjusted Net Income increased by 144%[9] - Adjusted EBITDA increased by 186% with Adjusted EBITDA margin up by 270 bps[9] - Free Cash Flow generated was $389 million for the last twelve months ended September 30 2025[9] Q3 2025 Revenue Breakdown - Total revenue for Q3 2025 was $783 million, compared to $731 million in Q3 2024[11] - Industrial revenue increased by 82% to $343 million[20] - Consumer revenue increased by 59% to $340 million[23] - Software and Advisory revenue increased by 75% to $100 million[27] Q3 2025 Adjusted EBITDA - Adjusted EBITDA for Q3 2025 was $217 million, a 186% increase from $183 million in Q3 2024[14] - Industrial Adjusted EBITDA increased by 160% to $123 million with a margin of 359%[20] - Consumer Adjusted EBITDA increased by 129% to $70 million with a margin of 206%[23] - Software and Advisory Adjusted EBITDA increased by 600% to $24 million with a margin of 240%[27] 2025 Outlook - The company expects constant currency organic revenue growth to be between 55% and 6%[37] - Adjusted EBITDA margin organic improvement is expected to be approximately 25%[37] - Capital expenditures are projected to be between 65% and 7% of revenue[37]

Core Insights - Bureau Veritas has signed agreements to acquire two companies, Sólida and London Building Control, enhancing its position in the renewables and buildings & infrastructure sectors [2][4] - The acquisitions align with Bureau Veritas' LEAP I 28 strategy, aimed at increasing capability and technical expertise in high-potential markets [3][4] Company Overview - Bureau Veritas is a global leader in Testing, Inspection, and Certification (TIC) services, with a mission to ensure responsible progress and sustainability [5] - The company operates in 140 countries with approximately 84,000 employees, addressing challenges in quality, health and safety, environmental protection, and sustainability [6] Acquisition Details - Sólida specializes in Owner's Engineering, Technical Advisory, and Project Management for renewable energy projects, with a track record of nearly 2,500 projects totaling over 220 GW of renewable capacity [8] - Sólida generated revenues of approximately €18 million in 2024 and employs around 225 professionals [8] - London Building Control is a leading Registered Building Control Approver in the UK, recognized for its services in residential and commercial projects, delivering over 14,000 projects annually [8] - London Building Control generated revenues of approximately €14 million in 2024 and has around 110 employees [8]

Core Insights - Acuren Corporation will rebrand as TIC Solutions, Inc. following its merger with NV5 [1] - The merger combines decades of expertise in testing, inspection, certification, engineering, consulting, and geospatial services [1] - The new corporate identity aims to unify the combined enterprise while maintaining the operation of Acuren, NV5, and other legacy brands as trusted entities [1]

Core Insights - Bureau Veritas is expanding its presence in Cybersecurity, Nuclear, and Transition Services through three targeted acquisitions, enhancing its portfolio in high-growth markets [1][2]. Group 1: Acquisitions Overview - The company has signed an agreement to acquire Dornier Hinneburg in Germany, which will strengthen its capabilities in the nuclear sector, focusing on technical advisory services and radiation protection related to decommissioning nuclear facilities. This subsidiary generated €14 million in revenue in 2024 and employs 108 experts [5]. - Bureau Veritas is acquiring the Institute For Cyber Risk (IFCR) in Denmark to establish a foothold in the Nordic cybersecurity market. IFCR specializes in Governance, Risk, and Compliance (GRC), offensive security, and cybersecurity training, generating €3 million in revenue in 2024 with a team of 25 skilled professionals [5]. - The acquisition of EcoPlus in South Korea will enhance Bureau Veritas' sustainability consulting services, particularly in Life Cycle Assessment (LCA) certification. EcoPlus is a growing startup with approximately €1 million in revenue and integrates 12 skilled engineers [5]. Group 2: Strategic Intent - These acquisitions align with Bureau Veritas' LEAP I 28 strategy, which focuses on a targeted portfolio approach to accelerate growth and create new strongholds in high-growth markets [2][5]. - The company aims to expand its geographical footprint and deliver greater value to customers in specialized fields through these strategic moves [2].

Q1 2025 Financial Highlights - Revenue grew by 5.2%, with organic revenue growth of 7.6%[8] - Adjusted Net Income increased by 31.1%[8] - Adjusted EBITDA increased by 22.9%, with Adjusted EBITDA margin up by 320 bps[8] - Free Cash Flow generated was $306 million for the last twelve months ended March 31, 2025[8] Q1 2025 Revenue Breakdown - Industrial segment revenue increased by 4.4% (8.1% organic) to $308 million[20, 40] - Consumer segment revenue increased by 6.3% (7.7% organic) to $304 million[24, 40] - Software and Advisory segment revenue increased by 4.5% (5.6% organic) to $93 million[27, 40] Q1 2025 Adjusted EBITDA - Adjusted EBITDA increased by 22.9% to $161 million, with a margin of 22.8%[13] Q1 2025 Adjusted Net Income - Adjusted Net Income increased by 31.1% to $80 million, with a margin of 11.3%[16] Full-Year 2025 Outlook - The company is affirming its 2025 outlook, which includes mid-single-digit constant currency organic revenue growth[34, 36] - Adjusted EBITDA margin organic improvement to approximately 24%[36] - Capital expenditures are expected to be 7% to 8% of revenue[36]