Bureau Veritas announced it has signed an agreement to acquire Lotusworks, strengthening its position in data centers and expanding into the semiconductor sector. The deal establishes a new growth platform valued at approximately €300 million within its Buildings and Infrastructure division.
Headquartered in Ireland, Lotusworks provides commissioning, quality assurance and control, calibration, maintenance, and construction management services for mission-critical facilities, particularly for semiconductor manufacturers and data center operators. The company operates across the United States and Europe and employs 750 people. In 2025, Lotusworks generated €131 million in revenue, supported by long-term contracts and recurring technical services.
The acquisition aligns with Bureau Veritas’ LEAP | 28 strategy, accelerating its shift toward higher-growth and higher-margin activities. By combining its global inspection, certification, and testing expertise with Lotusworks’ technical capabilities, Bureau Veritas is creating a specialized platform focused on commissioning, validation, and technical assurance for mission-critical assets. This platform will account for about 15% of the Buildings and Infrastructure division upon closing.
The transaction represents an enterprise value of €375 million and will be financed through existing and newly negotiated credit lines. It includes an earn-out mechanism tied to performance. Bureau Veritas expects the deal to be slightly accretive to earnings in 2026 while maintaining its targeted leverage range of 1x to 2x.
The acquisition is expected to close by summer 2026, subject to regulatory approvals.
KEY QUOTES:
“The acquisition of Lotusworks is a major milestone for Bureau Veritas. The company brings outstanding technical capabilities, long-standing customer relationships, and a strong presence across strategic markets of data centers and semiconductors manufacturing. By combining Bureau Veritas’ rigorous execution, expertise, and global network with the technical know-how of Lotusworks, we are establishing a unique platform of commissioning, validation, and technical assurance for mission-critical assets. This comes at a time when AI expansion is spurring a semiconductor manufacturing, and digital infrastructure new and powerful investment cycle. This acquisition is fully aligned with our LEAP | 28 portfolio priorities. It will contribute to our goal of doubling the rotation of our portfolio within the next 12 months, from the ~10% level we have attained since the launch of the plan. This acquisition accelerates our portfolio pivot towards higher-growth, higher-margin activities. I am very pleased to welcome all the colleagues from Lotusworks to the Bureau Veritas family.”
Hinda Gharbi, Chief Executive Officer, Bureau Veritas
