Strategic Expansion in Data Centers and Semiconductors
Bureau Veritas announced its acquisition of Lotusworks, a leading provider in mission-critical asset commissioning and quality assurance, for EUR 375 million. This acquisition strategically positions Bureau Veritas in the growing sectors of data centers and semiconductors.
Headquartered in Ireland, Lotusworks operates across the United States and Europe, employing 750 people, including highly skilled experts. In 2025, the company generated EUR 131 million in revenue. This acquisition enhances Bureau Veritas’ capabilities in mission-critical facilities, benefiting from AI-driven construction investments.
Hinda Gharbi, Chief Executive Officer of Bureau Veritas, stated, “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.”
Lotusworks supports its activities with long-term frameworks, a robust multi-year backlog, and recurring technical services in environments requiring rigorous execution. Their expertise in semiconductor manufacturing and digital infrastructure aligns with the expanding AI-driven construction investments.
The acquisition will enhance Bureau Veritas’ organic growth and will be accretive to the Group’s Adjusted Operating Margin. It marks a significant step in implementing LEAP | 28, strengthening the Group’s leadership in the Buildings and Infrastructure sector. Combined with Bureau Veritas’ existing data centre activities, this creates a new mission-critical platform, unique in the TIC industry.
Financial Details and
Future Plans The transaction will be financed via existing and recently negotiated credit lines, with an estimated 2026 EV/EBITA multiple of 15x. The deal includes an earn-out mechanism based on performance, ensuring continued success post-acquisition. Bureau Veritas aims to close the acquisition by summer 2026, pending regulatory approvals.
This move aligns with Bureau Veritas’ LEAP | 28 portfolio priorities, aiming to double the rotation of its portfolio within the next 12 months. The integration of Lotusworks will contribute to higher-growth, higher-margin activities. Following the acquisition, Bureau Veritas will become a leader in the high-growth, technically complex market of data centers and semiconductors manufacturing.
At closing, this platform will represent approximately 15% of the Buildings & Infrastructure division. Lotusworks’ diverse client base includes blue-chip global clients such as hyperscalers and semiconductor manufacturers. The company’s activities are backed by a strong multi-year backlog, further supporting Bureau Veritas’ strategic growth in these sectors.
Related Articles
Last updated: 7 April 2026, 7:34 pm
