TÜV Rheinland buys Safetec
Cologne-based testing and certification company TÜV Rheinland has completed the acquisition of Norwegian safety and risk management firm Safetec Nordic.
The German firm said that Safetec’s operations will complement its existing risk, safety and integrity management services. The new business will be integrated into Safetec’s industrial services and cybersecurity operations.
Safetec will continue its business activities in Norway and Sweden under a combined TÜV Rheinland Safetec branding from the beginning of 2025.
Safetec UK will be integrated into Risktec, the existing risk and safety consultancy business of TÜV Rheinland in the UK.
Safetec is the leading risk management consulting company in Norway, active across oil and gas, renewables, transportation, maritime, public sector, health and aquaculture sectors.
It was established in 1984 and is headquartered in Trondheim, with around 150 employees. Safetec has five other offices in Norway, as well as offices in Sweden and the UK.
The combined business will create a group of more than 600 risk and safety experts to better serve its global client base, said the German firm.
“The acquisition establishes a sizeable TÜV Rheinland presence in the Nordic region, while at the same time consolidating the market position of TÜV Rheinland as the leading risk and safety consultancy in the UK,” it said.
“We look forward to creating growth, stability and opportunity at a time where we are seeing increased demand for sustainability, decarbonisation and business continuity,” said Gareth Book, regional business stream manager at TÜV Rheinland for industrial services and cybersecurity in Western Europe.
“Safetec will complement the existing risk, safety and integrity management services provided by TÜV Rheinland. Our aim is to build upon the long-standing customer relationships and trust that Safetec and TÜV Rheinland have established over the last decades in their respective markets,” he added.
“Our decision to join forces with TÜV Rheinland is driven by our shared vision and values. Both companies have built strong reputations based on employee excellence and a commitment to delivering exceptional value to our customers,” said Stein Eggan, CEO of Safetec.
“This acquisition not only recognises our past achievements but also represents an investment in our shared future, aligning with our long-term strategy and ambitions. Together with TÜV Rheinland, we are excited to embark on this new journey, fostering growth opportunities for our employees, accelerating innovation, and strengthening our commitment to sustained success for both our customers and our company,” he added.
