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TUV Rheinland Acquires Geris Engenharia e Servicos in Brazil, Showing Strong Growth in South America |
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| 2010/9/13 |
With the acquisition of Geris Engenharia e Serviços in São Paulo, Brazil, TUV Rheinland is significantly expanding its commitment in South America: Geris offers technical services, particularly for the oil and gas industry, electricity producers, and suppliers as well as for infrastructure projects, residential construction and logistics. The company was founded in 1993 and has more than 600 employees. It is undergoing strong growth and achieves annual sales of around 30 million euros. In future, 2,100 employees will thus be working for TUV Rheinland in South America.
"South America, and especially Brazil, is one of the economic regions of the world that is developing at an extremely dynamic rate. With Geris, we will establish ourselves as Number 2 in the Brazilian testing market. We are expanding our commitment on this continent further because we see growing demand there for quality, safety and sustainability concerning industrial projects," states Friedrich Hecker, CEO of the TUV Rheinland AG.
Focusing primarily on Brazil, Chile and Argentina, TUV Rheinland achieved overall sales of around 60 million euros in South America last year. With the acquisition of Ductor, one of the leading planning companies for infrastructure measures in South America, TUV Rheinland rose to become one of the leading testing companies in the Brazilian market in 2008. In addition to the classical testing services in the industry, the portfolio of services hitherto included the support and monitoring of infrastructure projects such as the construction of rail links, airports, housing estates, motorways and hospitals.
TUV Rheinland is a leading group for the provision of technical services worldwide. It has over 490 locations in 61 countries on all five continents. With a workforce of 13,850, it achieves a turnover of approx. € 1.2 billion a year. The guiding principle in the Group is sustainable development of safety and quality standards. The motivating factor for TUV Rheinland employees is the conviction that without technical progress, society and industry cannot grow. For this very reason, using technical innovations, products and equipment in a safe, responsible manner is of decisive importance. TUV Rheinland has been a member of the Global Compact of the UN since 2006. TUV Rheinland is 140 years old and its headquarters are in Cologne.
News Source: Business Wire |
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| Contacts |
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Contact : Alexander Danelia
Company : TUV Rheinland Contact
Country : Germany
Telephone : +81 45 470 1850
Email : info@jpn.tuv.com
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