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09/2025100%

Bureau Veritas Food Testing acquired by Mérieux NutriSciences

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) EV €300–700M

Context

Securing a documented annual turnover of €100–200M, Mérieux NutriSciences officially finalizes the complete acquisition of the global food testing business from Bureau Veritas. Formally concluded on September 3, 2025, from the acquirer's Chicago headquarters, this cross-border corporate carve-out follows an initial strategic agreement publicly announced in October 2024. The integration protocol systematically merges the acquired testing operations, which span 15 distinct countries across the Americas, Africa, and the Asia-Pacific region, directly into the existing scientific infrastructure of Mérieux NutriSciences. Through this definitive corporate consolidation, Mérieux NutriSciences officially absorbs nearly 2,000 technical colleagues from Bureau Veritas into its centralized organizational structure. The completion of this complex transaction, notably finalized with the definitive closing of the Peruvian subsidiary operations, fundamentally scales the buyer's global operational footprint. Consequently, Mérieux NutriSciences definitively expands its combined testing capacity to encompass a massive network of more than 140 dedicated laboratories managed by an integrated workforce of 10,000 employees worldwide. The strategic rationale articulated by Chief Executive Officer Nicolas Cartier focuses on capturing these complementary analytical capabilities to directly support the rapid expansion of the global food industry. By internalizing the localized laboratory assets previously deployed by Bureau Veritas, Mérieux NutriSciences solidifies its structural market position as a premier consolidator within the international testing, inspection, and certification sector. The definitive share transfer systematically completes the formal transition of operational control, allowing the acquiring entity to deploy its specialized scientific protocols across a significantly expanded intercontinental perimeter.

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Target

Founded in Paris, Bureau Veritas Food Testing operates a global network of laboratories delivering analytical, inspection and certification services to food manufacturers, processors and distributors. The unit serves clients across the seafood, aquaculture and broader agri‑food sectors, providing test results that support safety, quality and regulatory compliance. Prior to its sale, the business was present in fifteen countries spanning the Americas, Africa and the Asia‑Pacific region, with a footprint that included two laboratories in Peru and more than 220 specialised staff. Its service model combines on‑site sampling, laboratory analysis and certification issuance, allowing customers to obtain end‑to‑end verification of products from raw material to finished goods. By integrating scientific expertise with accredited testing methods, the company positioned itself as a trusted partner for multinational food chains seeking consistent compliance across diverse markets.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€100–200M
[members only]
[members only]
2022
€100–200M
[members only]
[members only]

Other operations with Bureau Veritas

Other operations with Bureau Veritas
DateAcquirerTargetCountrySector
06/2026TRITON PARTNERSBUREAU VERITAS OIL & PETROCHEMICALSFRANCETIC (Testing, Inspection, Certification)
04/2026BUREAU VERITASLOTUSWORKSIRELANDTIC (Testing, Inspection, Certification)

Other operations with Mérieux NutriSciences

Other operations with Mérieux NutriSciences
DateAcquirerTargetCountrySector
09/2026PEUGEOT INVESTMÉRIEUX NUTRISCIENCESUNITED STATESTIC (Testing, Inspection, Certification)
08/2026MÉRIEUX NUTRISCIENCESCERTIFIED GROUPUNITED STATESTIC (Testing, Inspection, Certification)
02/2026MÉRIEUX NUTRISCIENCESZINIABRAZILTIC (Testing, Inspection, Certification)

Similar deals in Industrial Services

Similar deals in Industrial Services
DateAcquirerTargetCountrySector
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10/2025SYSTRABG&EAUSTRALIAEngineering & Consulting
09/2025LOXAMTOSCANA NOLEGGIITALYEquipment Rental
09/2025CONQUIPPRO MECHUNITED KINGDOMEquipment Rental
09/2025FREMMAN CAPITALAGQ LABSSPAINTIC (Testing, Inspection, Certification)
09/2025SYSTRAARDANUY INGENIERÍASPAINEngineering & Consulting
08/2025ACUREN CORPORATIONNV5 GLOBALUNITED STATESEngineering & Consulting
08/2025TRANSCATESSCO CALIBRATION LABORATORYUNITED STATESTIC (Testing, Inspection, Certification)
07/2025SGSAPPLIED TECHNICAL SERVICES (ATS)UNITED STATESTIC (Testing, Inspection, Certification)
07/2025ACTIVA CAPITALGROUPE DESEGURFRANCETIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Bureau Veritas Food Testing by Mérieux NutriSciences are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: bureau veritas food testing

FAQ

What transaction does this page cover?

This page covers Mérieux NutriSciences’s acquisition of 100% of Bureau Veritas Food Testing, an American company specialised in TIC (Testing, Inspection, Certification), in 2025. Ownership has since evolved, leading to a subsequent transaction with Bureau Veritas in April 2026 (see the dedicated deal page for details).

How was the acquisition of Bureau Veritas Food Testing by Mérieux NutriSciences valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What was Bureau Veritas Food Testing’s revenue at the time of the deal?

At the time of the transaction, Bureau Veritas Food Testing’s annual revenue was estimated within the €100–200M range (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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