AsureQuality partners with Bureau Veritas to form exciting new venture in South East Asia.
AsureQuality and global leader Bureau Veritas (external link) are pleased to announce the formation of a new joint venture in South East Asia, BVAQ (external link) . Based in Singapore, this new partnership will bring their combined expertise and extensive capabilities to the fast-growing South East Asian food industry, as well as provide on the ground support for New Zealand food and primary exporters to this region.
AsureQuality have been operating a strong food testing business with a state-of-the-art laboratory in Singapore since 2010; while Bureau Veritas (external link) has newly established food testing laboratories in Vietnam, Indonesia, Thailand, plus a majority share in Permulab – a Malaysian leader in food and water testing. Together, they will operate BVAQ as a “hub and spoke” business model throughout Singapore, Malaysia, Indonesia, Thailand and Vietnam.
AsureQuality and Bureau Veritas (external link) have previously partnered together in 2016 with their successful joint venture acquisition of Dairy Technical Services (DTS) (external link) , the leading food testing provider in Australia, and are excited to expand this relationship to the South East Asia region.
"Partnering with Bureau Veritas in DTS has already proved to offer strong synergies. This new partnership is a great fit for both organisations and will enable us to provide better service to customers in this important region," says John McKay, Chief Executive Officer of AsureQuality.
BVAQ will be jointly governed and will extend the range and scope of services to South East Asia – a thriving growth region that is home to an increasingly complex food regulatory environment.
"For food producers in the region, the value of having New Zealand government-owned AsureQuality along with global powerhouse Bureau Veritas, brings a huge amount of trust and credibility," says McKay.
"We also see tremendous benefits for New Zealand food and primary industry exporters. The greater geographic reach means we’ll be closer on the ground in these markets offering local testing and support. We also look forward to bringing international market insights back in to our customers here in New Zealand."
Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas adds "This move solidifies our successful partnership with AsureQuality in Asia-Pacific. By combining our existing capabilities, BVAQ quickly strengthens our footprint in Agri-food in the fast-growing market of South East Asia."