Paris-listed firm buys 70% of CKM Consultants

EURONEXT Paris-listed Bureau Veritas, a testing, inspection and certification agency, has acquired a 70 per cent stake in Singapore-homegrown CKM Consultants for "several million dollars", to tap Singapore's buoyant pipeline of public sector construction projects.

The acquisition of CKM, an engineering and construction services firm, will also enable it to expand into private-sector projects in the longer term, it said.

The partnership follows CKM's clinching of a S$26 million contract to perform comprehensive "qualified-person supervision" on four stations of the upcoming Thomson Line. The railway line is expected to open in phases from 2019.