TÜV Rheinland Acquires UK-Based Risktec Solutions

BOXBOROUGH, Mass./ COLOGNE, Germany/WARRINGTON, England (March 6, 2014) – TÜV Rheinland acquired Risktec Solutions Limited, headquartered in Warrington, U.K., and operating from 15 offices in the U.K., the Netherlands, Middle East and North America. Risktec provides risk and safety services and offers technical training and education to highly regulated industrial sectors around the world. Risktec's core industries include the oil and gas industry, nuclear power generation and the railway sector.

Dr. Manfred Bayerlein, CEO of TÜV Rheinland, states: "Risktec is an excellent addition for us, complementing our established services and fully in line with our strategy for 2017. With Risktec, we can now offer our industry customers further important services, providing independent advice on a wide range of risk and safety issues."

With its 230 employees, Risktec most recently generated sales revenues of more than $46.7 million, with efforts focused particularly on the markets of the U.K., North America and the Middle East.

Alan Hoy, Managing Director of Risktec Solutions Limited, commented, “We are very pleased to become part of TÜV Rheinland. The two organizations complement each other well and share a common desire to provide high-quality services to clients. Our aim has always been to work with our clients for the long term, over the complete lifecycle of their assets, and being part of TÜV Rheinland extends our ability to do this."

TÜV Rheinland provides independent testing, inspection, and certification services.

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