Bureau Veritas Acquires HydrOcean

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HydrOcean, an innovative French engineering company in the maritime industry has been acquired by Bureau Veritas on September 08, 2015.

News Highlights :

  • Based in Nantes, France, HydrOcean employed 18 engineers and had revenue of EUR 2.7 million in 2014.
  • HydrOcean provides design support for the construction of ships, offshore structures, racing yachts and marine energy systems. Its focus is on assessing and optimizing hydrodynamic performance.
  • Bureau Veritas Group has more than 66,500 employees in around 1,400 offices and laboratories located across the world.
  • Bureau Veritas, established in 1828, is a world-leading provider in testing, inspection and certification.
  • HydrOcean has co-developed advanced digital simulation tools in partnership with Ecole Centrale Nantes’ fluid dynamics laboratory.

“The acquisition of HydrOcean enables Bureau Veritas to integrate an outstanding team of experts and highly innovative entrepreneurs.  The Group is increasingly developing solutions combining its core testing, inspection and certification services with new technologies.  HydrOcean fits perfectly into this strategy thanks to its simulation tools and its technical expertise.  Its services will complement those offered by the Marine & Offshore business, especially in reducing ship fuel consumption” commented Didier Michaud-Daniel, CEO of Bureau Veritas.

“We have already achieved successful projects with Bureau Veritas, under the technical and commercial cooperation agreement we have had for over a year.  Today, we are looking forward to becoming part of one of the world’s leading classification societies and expanding our business into the international market” said Erwan Jacquin, President and founder of HydrOcean.

Source: Bureau Veritas

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