Bureau Veritas, a France-based multinational industrial testing, inspection and certification company, has signed a deal to acquire Irish-headquartered Lotusworks, valuing the business at €375 million (£318.4 million), according to Bloomberg.

Lotusworks' 750 staff will join the French company when the deal closes later this year. The transaction will be financed through existing and recently negotiated credit lines, if passed by regulators.

The transaction creates a €300 million (£254.7 million) growth platform for Bureau Veritas, entering the semiconductor market and reinforcing its position in the data centre industry.

Sligo-based Lotusworks provides commissioning, quality assurance and quality control, calibration, maintenance and construction management services to semiconductor manufacturers and data centre owners. The company, which operates in the United States and Europe, generated €131 million (£111.2 million) in revenue in 2025. Among its clients are hyperscalers and semiconductor manufacturers.

Founded in Sligo in 1989 by engineer Fergal Broder, the company was acquired by its current shareholders in a management buyout in 2018.

Hinda Gharbi, chief executive of Bureau Veritas, said the acquisition represents a major milestone for the company, establishing a unique platform for commissioning, validation and technical assurance for critical assets. "The company brings outstanding technical capabilities, long-standing customer relationships, and a strong presence across strategic markets of data centres and semiconductors manufacturing," she stated. This comes at a time when AI expansion is spurring semiconductor manufacturing and digital infrastructure investment cycles.

The acquisition aligns with Bureau Veritas's strategic growth plan, Leap 28. Once the deal closes, the Lotusworks business will account for approximately 15 per cent of the buildings and infrastructure division.

Access comprehensive details on the acquisition and strategic market positioning in the full article.