• 2013 October 4 17:12

  Bureau Veritas acquires OTI Canada Group

  

  Bureau Veritas is pleased to announce the acquisition of OTI Canada Group, a company specializing in petroleum testing and inspection, the Company said in a press release.
  Founded in 1995, OTI Canada Group provides services to oil companies and trading organizations to assess the quality and quantity of diverse petroleum and petrochemical products (gasolines, distillates, fuel oils, and hydrocarbons).

  Headquartered in Montreal, OTI Canada Group operates in the eastern part of Canada and has facilities in Quebec City, Sarnia, and Hamilton. The company currently has 27 employees and its revenue for the fiscal year ending June 2013 was EUR 3.4 million (CAD 4.4 million).

  Integrating the OTI Canada Group will expand Bureau Veritas’ presence in the Canadian oil & petroleum segment. Canada is the sixth largest oil producing country in the world and has significant long-term prospects for oil production growth.

  Didier Michaud-Daniel, Bureau Veritas’ Chief Executive Officer, stated:
  “Following the 2012 acquisition of AcmeLabs and the opening of two new laboratories,
  Bureau Veritas has significantly entered the Canadian market. The acquisition of OTI Canada Group is part of our strategy to strengthen our position in North America in commodities services.”

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