Bureau Veritas CPS Strengthens China Footprint with Acquisition of CTS
~ CPS Network in Greater China exceeds 50 strategic locations. Ready for China Domestic Market Growth ~
Kowloon Bay, Hong Kong, 30th January, 2015 – With the acquisition of CTS, a Chinese laboratory specializing in the testing of toys, electrical goods, electronics and hardlines; Bureau Veritas Consumer Products Services has strengthened its footprint in China to service manufacturers and trading companies exporting as well as selling to the domestic market.
CTS owns test labs accredited by the Chinese government in Ningbo and Guangzhou, two of the world’s leading manufacturing and commercial centers. CTS serves a local client base of manufacturers and trading companies. It employs more than 70 people and posted approximately EUR 3 million in revenue in 2014.
Oliver Butler, President of Bureau Veritas Consumer Products Services, commented, “Having operated in China since 1996, we are a trusted partner with over 50 labs and offices within Greater China. We are delighted to expand our network in the key manufacturing hubs of Guangzhou and Ningbo. CTS fits perfectly into our plans for development of the local market which has significant potential for growth; particularly following the decision of the Chinese authorities to open up the product testing and certification business.”
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Consumer Products Services
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