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TÜV Rheinland Holding AG and TÜV SÜD AG plan merger

 

27. Feb 2008 

TÜV Rheinland Holding AG and TÜV SÜD AG plan to merge. The companies are currently reviewing the details of their combination. An internationally powerful technical services group with the core competencies Testing, Inspection, Certification and Training shall be created through the merger of the supporting associations and subsequent consolidation of the two groups by the end of the year. The new company would employ about 25,000 people worldwide and achieve sales of more than EUR 2.2 billion. This was announced by the CEOs of TÜV Rheinland and TÜV SÜD, Prof. Dr.-Ing. habil. Bruno O. Braun and Dr.-Ing. Axel Stepken at two joint press conferences in Düsseldorf and Munich on 13 February 2008. The project is subject to approval by the responsible antitrust authorities and the relevant committees of the associations and the groups.

for more information: http://www.tuv.com/de/en/news_fusion_englisch.html?&lan=2

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