French multinational Bureau Veritas has signed a deal to acquire Irish-headquartered Lotusworks that values the business at \u20ac375 million. <\/p>\n
Lotusworks\u2019 750 staff join the French industrial testing, inspection and certification company when it closes later this year. It will be financed through existing and recently negotiated credit lines, if it is passed by regulators. <\/p>\n
The deal will create a \u20ac300 million growth platform for the French firm, entering the semiconductor market and reinforcing its position in the data centre industry.<\/p>\n
Sligo-based Lotusworks provides commissioning, quality assurance and quality control, calibration, maintenance and construction management services to semiconductor manufacturers and data centre owners. The company, which operates in the US and Europe, generated \u20ac131 million in revenue in 2025. Among its clients are hyperscalers and semiconductor manufacturers. <\/p>\n
The acquisition is expected to drive organic growth at Bureau Veritas, allowing its buildings and infrastructure product Line to benefit from AI-driven construction investments. Once the deal closes, the Lotusworks business will account for around 15 per cent of the buildings and infrastructure division.<\/p>\n
The acquisition is in line with the French company\u2019s strategic growth plan, Leap 28. <\/p>\n
Bureau Veritas chief executive Hinda Gharbi said the acquisition was a \u201cmajor milestone\u201d for the company that would establish a unique platform for commissioning, validation and technical assurance for critical assets. <\/p>\n
\u201cThe company brings outstanding technical capabilities, long\u2011standing customer relationships, and a strong presence across strategic markets of data centres and semiconductors manufacturing,\u201c Gharbi said. \u201cThis comes at a time when AI expansion is spurring a semiconductor manufacturing, and digital infrastructure new and powerful investment cycle.\u201d<\/p>\n
Bureau Veritas\u2019s completed nine acquisitions last year, finalising three in the last three months of the year, including Spain\u2019s S\u00f3lida and Spin360 in Italy. It also bought copper specialist GeoAssay in March 2025 and German business Hinneburg in August.<\/p>\n
The company now employs more than 82,000 people in 140 countries, and last year recorded revenues of \u20ac6.5 billion. <\/p>\n","protected":false},"excerpt":{"rendered":"French multinational Bureau Veritas has signed a deal to acquire Irish-headquartered Lotusworks that values the business at \u20ac375…\n","protected":false},"author":2,"featured_media":386284,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[171794,72,61,60,171793,14169],"class_list":{"0":"post-386283","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bureau-veritas","9":"tag-business","10":"tag-ie","11":"tag-ireland","12":"tag-lotusworks","13":"tag-sligo"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/386283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=386283"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/386283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/386284"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=386283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=386283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=386283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}