Bureau Veritas acquires European oil analysis leader Lubrication Management SL from IK4-TEKNIKER in Spain

08/01/18

Neuilly-sur-Seine, France (January 8, 2018)Bureau Veritas, a global leader in testing, inspection and certification services, acquired a majority shareholding in Lubrication Management SL (previously the industrial oil analysis business unit of IK4-TEKNIKER), a European oil analysis leader on January 4th. The laboratory, near Bilbao Spain, with 26 employees, will form the European hub for Bureau Veritas’ global network of 15 oil condition monitoring laboratories.

Founded in 1981, IK4-TEKNIKER has built a world-renowned reputation for lubrication services in industrial markets.  The experience and platforms developed by Lubrication Management SL for the wind turbine oil, transformer oil and grease analysis markets compliment well Bureau Veritas’ existing expertise in oil condition monitoring.   Bureau Veritas and IK4-TEKNIKER plan to continue a strategic partnership focused on research and development for machinery condition monitoring.

“This is a great next phase for Lubricant Management as our core values of quality, service excellence and technical expertise are shared by both companies,” Jesús Terradillos, Director of Technological Services at Lubrication Management SL – IK4-TEKNIKER. “Our customers can look forward to continued expertise and excellent customer service, supported by a global company that is synonymous with high quality, professionalism and integrity.”

“The acquisition of Lubricant Management is great news for our customers. The expertise and geographic coverage strengthens our position as a global leader in Oil Condition Monitoring,” said Didier Michaud Daniel, Chief Executive Officer of Bureau Veritas. “Lubricant Management’s reputation, particularly in wind energy, is second-to-none and we are excited to leverage that expertize across our global platform.  This acquisition reaffirms our commitment to the Oil Condition Monitoring business.  Further, it continues our focus on client partnerships and value adding services aimed at maximizing customers’ operational performance.” 

Tekniker’s Lubrication Management customers can expect to receive the same quality of service they have come to expect over the past 54-years. There will be no operational changes to the way customers utilize the service and access their results.  Over the next year, Lubrication Management will begin to leverage Bureau Veritas’ global and local networks, to exchange best practices and innovations. By tapping into an expanded suite of testing, inspection and certification services, Lubrication Management will be able to add value for its customers by offering new services and solutions.

Bureau Veritas has acquired Lubrication Management - learn more about our new European Oil Analysis Laboratory

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