Latest news with #andCompliance
Yahoo
25-07-2025
- Business
- Yahoo
Bureau Veritas expands its footprint in new strongholds through acquisitions in Cybersecurity, Nuclear and Transition Services
PRESS RELEASE Paris – July 25th, 2025 Bureau Veritas expands its footprint in new strongholds through acquisitions in Cybersecurity, Nuclear and Transition Services Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), announces three targeted acquisitions in the fast-growing sectors of Cybersecurity, Nuclear, and Transition Services as the company creates new portfolio strongholds. Bureau Veritas has signed an agreement with Dornier Group to acquire its Dornier Hinneburg subsidiary in Germany to strengthen its nuclear industry capabilities. It also signed agreements to acquire Institute For Cyber Risk (IFCR) to establish a foothold in Nordic cybersecurity markets, and EcoPlus in South Korea to expand its sustainability consulting services. The intended acquisition of Dornier Hinneburg in Germany would be an important move for Bureau Veritas to expand its services to the growing nuclear sector. The company provides technical advisory services and radiation protection related to decommissioning of nuclear facilities. It employs 108 highly skilled experts and generated €14 million in revenue in 2024. To further accelerate its development in cybersecurity, Bureau Veritas signed an agreement to acquire Institute For Cyber Risk (IFCR) expanding its footprint in the Nordics. Located in Denmark, IFCR specializes in Governance, Risk, and Compliance (GRC), offensive security, and cybersecurity training. It employs 25 highly skilled professionals and generated €3 million in revenue in 2024. This acquisition is in line with the LEAP I 28 strategy to rapidly develop the Company portfolio in this sector. Bureau Veritas continues to strengthen its footprint in Sustainability services, addressing the fast-growing Transition Services market. The Company signed an agreement to acquire EcoPlus in South Korea, specialized in Life Cycle Assessment (LCA) certification. This acquisition of a growing startup integrates 12 skilled engineers in a highly coveted market, with revenue of c. €1 million. Hinda Gharbi, Chief Executive Officer of Bureau Veritas, comments: 'These three transactions in Cybersecurity in Denmark, in Nuclear in Germany, and in Transition Services in South Korea are a continuation of our LEAP I 28 strategy's focused portfolio approach to accelerate our growth. It demonstrates Bureau Veritas' commitment to creating new strongholds in high-growth markets. These acquisitions expand our geographical footprint and create greater value for our customers in these highly technical and specialized fields. I look forward to welcoming all our new colleagues to Bureau Veritas.' *** About Bureau Veritas Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit and follow us on LinkedIn. Our information is certified with blockchain that this press release is genuine at ANALYST/INVESTOR CONTACTS MEDIA CONTACTS Laurent Brunelle Anette Rey +33 (0)1 55 24 76 09 +33 (0)6 69 79 84 88 Colin Verbrugghe Martin Bovo +33 (0)1 55 24 77 80 +33 (0) 6 14 46 79 94 Karine Attachment 2025 07 25 - Press Release - BV expands its footprint in new strongholds_Vdef
Yahoo
25-07-2025
- Business
- Yahoo
Bureau Veritas expands its footprint in new strongholds through acquisitions in Cybersecurity, Nuclear and Transition Services
PRESS RELEASE Paris – July 25th, 2025 Bureau Veritas expands its footprint in new strongholds through acquisitions in Cybersecurity, Nuclear and Transition Services Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), announces three targeted acquisitions in the fast-growing sectors of Cybersecurity, Nuclear, and Transition Services as the company creates new portfolio strongholds. Bureau Veritas has signed an agreement with Dornier Group to acquire its Dornier Hinneburg subsidiary in Germany to strengthen its nuclear industry capabilities. It also signed agreements to acquire Institute For Cyber Risk (IFCR) to establish a foothold in Nordic cybersecurity markets, and EcoPlus in South Korea to expand its sustainability consulting services. The intended acquisition of Dornier Hinneburg in Germany would be an important move for Bureau Veritas to expand its services to the growing nuclear sector. The company provides technical advisory services and radiation protection related to decommissioning of nuclear facilities. It employs 108 highly skilled experts and generated €14 million in revenue in 2024. To further accelerate its development in cybersecurity, Bureau Veritas signed an agreement to acquire Institute For Cyber Risk (IFCR) expanding its footprint in the Nordics. Located in Denmark, IFCR specializes in Governance, Risk, and Compliance (GRC), offensive security, and cybersecurity training. It employs 25 highly skilled professionals and generated €3 million in revenue in 2024. This acquisition is in line with the LEAP I 28 strategy to rapidly develop the Company portfolio in this sector. Bureau Veritas continues to strengthen its footprint in Sustainability services, addressing the fast-growing Transition Services market. The Company signed an agreement to acquire EcoPlus in South Korea, specialized in Life Cycle Assessment (LCA) certification. This acquisition of a growing startup integrates 12 skilled engineers in a highly coveted market, with revenue of c. €1 million. Hinda Gharbi, Chief Executive Officer of Bureau Veritas, comments: 'These three transactions in Cybersecurity in Denmark, in Nuclear in Germany, and in Transition Services in South Korea are a continuation of our LEAP I 28 strategy's focused portfolio approach to accelerate our growth. It demonstrates Bureau Veritas' commitment to creating new strongholds in high-growth markets. These acquisitions expand our geographical footprint and create greater value for our customers in these highly technical and specialized fields. I look forward to welcoming all our new colleagues to Bureau Veritas.' *** About Bureau Veritas Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit and follow us on LinkedIn. Our information is certified with blockchain that this press release is genuine at ANALYST/INVESTOR CONTACTS MEDIA CONTACTS Laurent Brunelle Anette Rey +33 (0)1 55 24 76 09 +33 (0)6 69 79 84 88 Colin Verbrugghe Martin Bovo +33 (0)1 55 24 77 80 +33 (0) 6 14 46 79 94 Karine Attachment 2025 07 25 - Press Release - BV expands its footprint in new strongholds_VdefError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
25-07-2025
- Business
- National Post
Bureau Veritas Expands its Footprint in New Strongholds Through Acquisitions in Cybersecurity, Nuclear and Transition Services
PARIS — Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), announces three targeted acquisitions in the fast-growing sectors of Cybersecurity, Nuclear, and Transition Services as the company creates new portfolio strongholds. Bureau Veritas has signed an agreement with Dornier Group to acquire its Dornier Hinneburg subsidiary in Germany to strengthen its nuclear industry capabilities. It also signed agreements to acquire Institute For Cyber Risk (IFCR) to establish a foothold in Nordic cybersecurity markets, and EcoPlus in South Korea to expand its sustainability consulting services. The intended acquisition of Dornier Hinneburg in Germany would be an important move for Bureau Veritas to expand its services to the growing nuclear sector. The company provides technical advisory services and radiation protection related to decommissioning of nuclear facilities. It employs 110 highly skilled experts and generated €14 million in revenue in 2024. To further accelerate its development in cybersecurity, Bureau Veritas signed an agreement to acquire Institute For Cyber Risk (IFCR) expanding its footprint in the Nordics. Located in Denmark, IFCR specializes in Governance, Risk, and Compliance (GRC), offensive security, and cybersecurity training. It employs 25 highly skilled professionals and generated €3 million in revenue in 2024. This acquisition is in line with the LEAP I 28 strategy to rapidly develop the Company portfolio in this sector. Bureau Veritas continues to strengthen its footprint in Sustainability services, addressing the fast-growing Transition Services market. The Company signed an agreement to acquire EcoPlus in South Korea, specialized in Life Cycle Assessment (LCA) certification. This acquisition of a growing startup integrates 12 skilled engineers in a highly coveted market, with revenue of c. €1 million. Hinda Gharbi, Chief Executive Officer of Bureau Veritas, comments: 'These three transactions in Cybersecurity in Denmark, in Nuclear in Germany, and in Transition Services in South Korea are a continuation of our LEAP I 28 strategy's focused portfolio approach to accelerate our growth. It demonstrates Bureau Veritas' commitment to creating new strongholds in high-growth markets. These acquisitions expand our geographical footprint and create greater value for our customers in these highly technical and specialized fields. I look forward to welcoming all our new colleagues to Bureau Veritas.' About Bureau Veritas Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate change. Created in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit and follow us on LinkedIn.
Yahoo
20-05-2025
- Business
- Yahoo
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
Supporting the Bank's digital transformation by enhancing Basel compliance, regulatory reporting, and risk management with the OneSumX solution suite HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting and risk management platform using its OneSumX solution suite. This marks a significant step in SCB's Governance, Risk, and Compliance (GRC) initiative, creating a unified source of truth for Basel compliance, regulatory reporting, risk analysis, and stress testing. SCB is now compliant with the Basel III requirements in Hong Kong, including risk-weighted asset calculations and regulatory reporting. By transitioning from manual processes to an automated system powered by OneSumX, SCB has streamlined operations, strengthened data governance, and enhanced compliance with the Hong Kong Monetary Authority (HKMA) guidelines. A structured transition approach ensured operational continuity and a smooth shift to the new system. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank," said Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "SCB's vision aligns with our strategy of an integrated regulatory and risk platform. By taking an incremental approach, SCB has effectively prioritized its immediate compliance needs while building a scalable foundation for future regulatory demands. This positions SCB to confidently navigate the complexities of an evolving regulatory landscape." "We chose Wolters Kluwer for its trusted solutions used by 800-plus banks globally and its local HKMA expertise," said Wendy Li-chien Weng, Executive Vice President & Chief Financial Controller, Shanghai Commercial Bank. "The OneSumX solution further strengthens our regulatory reporting and risk management capabilities, reinforcing our commitment to excellence." Building on this milestone, SCB has introduced credit risk stress-testing scenarios using OneSumX for Risk Management and is set to automate HKMA reports and granular data reporting (GDR) in the next phases. By leveraging Wolters Kluwer's expertise and a phased, modular approach, SCB has established a single, integrated platform for financial risk management and regulatory reporting. The implementation has improved data accuracy, increased operational efficiency, and optimized resource allocation. OneSumX for Basel is a fully integrated regulatory risk, modular platform that ensures compliance with Basel reforms globally by providing seamless risk and capital management. With full traceability, scenario-based projections, and end-to-end integration, OneSumX stands out by delivering unparalleled accuracy, efficiency, and regulatory confidence within a single, scalable framework. Shanghai Commercial Bank, incorporated in 1950 in Hong Kong, is a leading local Chinese bank providing comprehensive banking services across multiple regions. Its network spans 50 branches in Hong Kong, mainland China, the United Kingdom, and the United States, ensuring accessibility and convenience for its customers. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of the Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory, and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with ever-changing regulatory requirements, manage uncertainty through financial risk management offerings, and drive efficiency. For more information about Wolters Kluwer, please visit ### About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
Supporting the Bank's digital transformation by enhancing Basel compliance, regulatory reporting, and risk management with the OneSumX solution suite HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting and risk management platform using its OneSumX solution suite. This marks a significant step in SCB's Governance, Risk, and Compliance (GRC) initiative, creating a unified source of truth for Basel compliance, regulatory reporting, risk analysis, and stress testing. SCB is now compliant with the Basel III requirements in Hong Kong, including risk-weighted asset calculations and regulatory reporting. By transitioning from manual processes to an automated system powered by OneSumX, SCB has streamlined operations, strengthened data governance, and enhanced compliance with the Hong Kong Monetary Authority (HKMA) guidelines. A structured transition approach ensured operational continuity and a smooth shift to the new system. "We are proud of the successful implementation of OneSumX at Shanghai Commercial Bank," said Jeroen Van Doorsselaere, Vice President of Global Product and Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "SCB's vision aligns with our strategy of an integrated regulatory and risk platform. By taking an incremental approach, SCB has effectively prioritized its immediate compliance needs while building a scalable foundation for future regulatory demands. This positions SCB to confidently navigate the complexities of an evolving regulatory landscape." "We chose Wolters Kluwer for its trusted solutions used by 800-plus banks globally and its local HKMA expertise," said Wendy Li-chien Weng, Executive Vice President & Chief Financial Controller, Shanghai Commercial Bank. "The OneSumX solution further strengthens our regulatory reporting and risk management capabilities, reinforcing our commitment to excellence." Building on this milestone, SCB has introduced credit risk stress-testing scenarios using OneSumX for Risk Management and is set to automate HKMA reports and granular data reporting (GDR) in the next phases. By leveraging Wolters Kluwer's expertise and a phased, modular approach, SCB has established a single, integrated platform for financial risk management and regulatory reporting. The implementation has improved data accuracy, increased operational efficiency, and optimized resource allocation. OneSumX for Basel is a fully integrated regulatory risk, modular platform that ensures compliance with Basel reforms globally by providing seamless risk and capital management. With full traceability, scenario-based projections, and end-to-end integration, OneSumX stands out by delivering unparalleled accuracy, efficiency, and regulatory confidence within a single, scalable framework. Shanghai Commercial Bank, incorporated in 1950 in Hong Kong, is a leading local Chinese bank providing comprehensive banking services across multiple regions. Its network spans 50 branches in Hong Kong, mainland China, the United Kingdom, and the United States, ensuring accessibility and convenience for its customers. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of the Wolters Kluwer Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory, and investment compliance solutions, corporate services, and legal entity compliance solutions. FRR's award-winning OneSumX suite of solutions supports financial institutions through innovative technology that enables and empowers clients to stay compliant with ever-changing regulatory requirements, manage uncertainty through financial risk management offerings, and drive efficiency. For more information about Wolters Kluwer, please visit ### About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
