Bureau Veritas acquires European oil analysis leader
Bureau Veritas, a global leader in testing, inspection and certification services, has announced it has acquired a majority shareholding in Lubrication Management SL (previously the industrial oil analysis Business Unit of IK4-TEKNIKER), a European oil analysis leader.
The laboratory, near Bilbao, Spain, will form the European hub for Bureau Veritas’ global network of oil condition monitoring laboratories.
Founded in 1981, IK4-Tekniker has built a world renowned reputation for lubrication services in industrial markets. The Lubrication Management division has 26 employees and generated around EUR 4 million revenues in 2017.
“The experience and platforms developed by Lubrication Management SL for the wind turbine oil, transformer oil and grease analysis markets complement well Bureau Veritas’ existing expertise in oil condition monitoring.”