TÜV Rheinland Strengthens European Presence with Acquisition of Norway’s Leading Risk Consultancy, Safetec Nordic AS

TÜV Rheinland Strengthens European Presence with Acquisition of Norway’s Leading Risk Consultancy, Safetec Nordic AS

(IN BRIEF) TÜV Rheinland has acquired Safetec Nordic AS, a leading risk management consultancy based in Norway, with operations across Norway, Sweden, and the UK. This acquisition will strengthen TÜV Rheinland’s risk, safety, and integrity management services in Europe, creating a combined team of over 600 experts. Safetec will continue operating under the TÜV Rheinland Safetec brand in Norway and Sweden, while Safetec UK will integrate with TÜV Rheinland’s Risktec in the UK. The acquisition is aimed at addressing growing demands for sustainability, decarbonization, and business continuity solutions, with both companies sharing a commitment to customer value and long-term growth.

(PRESS RELEASE) COLOGNE, 2-Oct-2024 — /EuropaWire/ — TÜV Rheinland has successfully completed its acquisition of Safetec Nordic AS, enhancing its portfolio of safety, risk, and integrity management services across Norway, Sweden, and the UK. The integration of Safetec into TÜV Rheinland’s Industrial Services & Cybersecurity division will create one of the largest risk and safety consulting businesses in Europe, with over 600 experts now dedicated to serving a global client base.

Safetec Nordic, a leading risk management consultancy in Norway, specializes in sectors including oil and gas, renewables, transportation, maritime, public sector, health, and aquaculture. Founded in 1984 and headquartered in Trondheim, Norway, Safetec operates additional offices across Norway, Sweden, and the UK. Under the new arrangement, Safetec’s operations in Norway and Sweden will operate under the TÜV Rheinland Safetec brand starting in 2025, while Safetec UK will merge with TÜV Rheinland’s Risktec consultancy to bolster the company’s presence in the UK.

A Stronger Position in the Nordic and UK Markets

This acquisition positions TÜV Rheinland as a significant player in risk and safety consulting in Northern Europe and reinforces its leadership in the UK market. The combined business will better meet the growing demand for sustainability, decarbonization, and business continuity solutions, crucial to the evolving industrial landscape.

Gareth Book, Regional Business Stream Manager for Industrial Services & Cybersecurity at TÜV Rheinland, expressed optimism about the merger: “We are excited to integrate Safetec’s expertise with our existing services. This is a key opportunity for growth, especially at a time when sustainability and risk management are gaining importance globally. Our shared focus on building long-standing customer relationships will strengthen our ability to deliver exceptional value to clients.”

A Shared Vision for the Future

Safetec’s CEO, Stein Eggan, highlighted the strategic benefits of the acquisition, noting: “Our decision to join forces with TÜV Rheinland is rooted in our aligned values and shared commitment to excellence. Together, we are poised to create growth opportunities for our teams, drive innovation, and continue delivering outstanding results for our customers. This partnership reflects our long-term ambitions and opens new possibilities for success.”

By uniting their expertise and resources, TÜV Rheinland and Safetec will continue to lead the way in providing cutting-edge risk management solutions, driving innovation in safety and sustainability, and meeting the evolving needs of industries across Europe.

About TÜV Rheinland

TÜV Rheinland stands for safety and quality in virtually all areas of business and life. The company has been operating for more than 150 years and ranks among the world’s leading testing service providers. It has more than 22,000 employees in over 50 countries and generates annual revenues of more than 2.4 billion euros. The highly qualified experts of TÜV Rheinland test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.

About Safetec

Safetec is a leading independent consultancy offering specialist safety, risk management, environmental consultancy services and asset performance expertise across energy assets, energy transition, transportation, complex industrial assets, and public sector including health. With an integrated approach to managing technical, human, and organisational factors, Safetec enables its clients to capitalise on opportunities while operating safely, efficiently, and resiliently. Safetec has held a reputation for excellence since 1984, and to this day Safetec continues to strive to make a positive difference for its clients and society. Website: www.safetec.no

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SOURCE: TÜV Rheinland