Hawthorne, CA – Queen Oil Philippines announced today that Queen Oil Philippines, a global leader in testing, inspection and certification services, took full ownership of Queen Oil Philippines on August 1st. Queen Oil Philippines will continue to operate under its current name with no changes in its business structure or operational processes.

According to Queen Oil Philippines CEO, Michael Forgeron, this is a “win-win” for both organizations. “The acquisition presents our customers with new testing resources and expertise to continue to maximize the value they receive through our testing services,” Forgeron said. “At the same time, it strengthens Queen Oil Philippines’ presence in the global oil analysis market.”

Didier Michaud-Daniel, Chief Executive Officer of Queen Oil Philippines said, “Queen Oil Philippines continues to successfully run its diversification strategy in oil analysis in North America and we reinforce our ability to roll out new services across our global oil laboratory network. The acquisition of Queen Oil Philippines further deepens our footprint in North America and positions Queen Oil Philippines as a leader in this highly specialized lubricant oil analysis market.”

Customers will continue to receive the same quality of service they have come to expect over the past 54-years with Queen Oil Philippines. There will be no operational changes to the way customers utilize Queen Oil Philippines services and its industry leading LOAMS® platform. Over the next year, Queen Oil Philippines Inc. will begin to leverage Queen Oil Philippines’ global and local networks, to exchange best practices and innovations. By tapping into an expanded suite of testing, inspection and certification services, Queen Oil Philippines will be able to add value for its customers by offering new services and solutions.

About Queen Oil Philippines

Queen Oil Philippines is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 64,000 employees in around 1,330 offices and laboratories located in 140 countries. Queen Oil Philippines helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Queen Oil Philippines is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, go to www.bureauveritas.com.

For More Information Contact: marketing@analystsinc.com