More certification: Tüv Rheinland Holding AG, Tüv Süd AG to merge

A merger will combine technical services with testing, inspection, certification, and training by year end 2008.

03/05/2008


Cologne and Munich, Germany, and Newtown, CT

TÜV Rheinland Holding AG

and TÜV SÜD AG are planning a merger to form an internationally powerful technical services group with the core competencies of testing, inspection, certification, and training by the end of 2008.

The new company is expected to employ about 25,000 people worldwide and achieve sales of more than EUR 2.2 billion, according to announcements from the CEOs of TÜV Rheinland and TÜV SÜD at two joint press conferences in Düsseldorf and Munich this month. The project is subject to approval by antitrust authorities and relevant committees of the associations and the groups. Both CEOs said the merger will not result in job losses.

nd. “The merger gives us significantly greater international capability and reach. We will become even more attractive as an employer for qualified specialists and managers.”

TÜV SÜD CEO, Dr.-Ing. Axel Stepken, said, “This merger is about international growth. Through the planned merger, we are creating one of the biggest and most efficient groups for testing and certification, both nationally and internationally. Already today, significant shares of the sales of both companies come from outside Germany. Combining our strengths will enable us to faster access and expand international growth markets.”

Braun (65) will head the managing board of the new group. His deputy and designated successor is Stepken (49). The handover is set for January 1, 2010. Braun will then become chairman of the supervisory board.

A joint foundation will hold shares in the new group as an inalienable, neutral, and independent third party. The purpose of the foundation is the promotion of the next generation of engineers. The merged associations and the foundation will be located in Cologne and the headquarters of the merged group in Munich.

The timetable calls for due diligence and initiation of reviews to be in place by May of this year, as a basis for the approvals of the relevant committees. After approval by the boards of directors and membership meetings of the associations, the general meetings of the AGs will be asked for approval of the merger by the end of June, 2008. The merger of the associations is scheduled to follow approval by antitrust authorities.

Control Engineering News Desk
Register here and scroll down to select your choice of eNewsletters free .





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
Strategic outsourcing delivers efficiency; Sleeve bearing clearance; Causes of water hammer; Improve air quality; Maintenance safety; GAMS preview
World-class maintenance: The three keys to success - Deploy people, process and technology; 2016 Lubrication Guide; Why hydraulic systems get hot
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me