Bureau Veritas has acquired MatthewsDaniel, a provider of loss adjusting and risk assessment services for the offshore industry.
Created in Houston, USA, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company employs more than 150 people and reported revenues of approximately 34 million Euros (US$44 million) in 2013.
MatthewsDaniel primarily provides services for the insurance market, with loss adjusting activities including incident investigations, root cause analysis, damage and reinstatement assessment and cost estimation.
This new acquisition allows Bureau Veritas to enter the loss adjusting business and strengthen its position in risk assessment.