Strategic growth of safety, risk and integrity management services in Norway, Sweden and the UK / Combined business one of the leading risk and safety consulting businesses in Europe.
Trondheim, 1 October 2024. Safetec Nordic AS has been sold to TÜV Rheinland. Safetec’s operations will complement the existing risk, safety and integrity management services provided by TÜV Rheinland and will be integrated into its Industrial Services & Cybersecurity business.
In Norway and Sweden, Safetec will continue its business activities under a combined TÜV Rheinland Safetec branding from 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 & gas, renewables, transportation, maritime, public sector, health, and aquaculture sectors. It was established in 1984 and is headquartered in Trondheim, Norway with around 150 employees. Safetec has five other offices in Norway, as well as offices in Sweden and the UK.
The combined business will be one of the leading risk and safety consulting businesses in Europe, creating a group of more than 600 risk and safety consultants to better serve its global client base. 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.
“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 recognizes 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.”
“We look forward to creating growth, stability and opportunity at a time where we are seeing increased demand for sustainability, decarbonization and business continuity,” said Gareth Book, Regional Business Stream Manager of TÜV Rheinland for Industrial Services & 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.”
About TÜV Rheinland
TÜV Rheinland stands for safety and quality in virtually all areas of business and life. The company has been operating for more than 150 years and ranks among the world’s leading testing service providers. It has more than 20,000 employees in over 50 countries and generates annual revenues of around 2.1 billion euros. The highly qualified experts of TÜV Rheinland test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com
About Safetec
Safetec is a leading independent consultancy offering specialist safety, risk management, environmental consultancy services and asset performance expertise across energy assets, energy transition, transportation, complex industrial assets, and public sector including health. With an integrated approach to managing technical, human, and organisational factors, Safetec enables its clients to capitalise on opportunities while operating safely, efficiently, and resiliently. Safetec has held a reputation for excellence since 1984, and to this day Safetec continues to strive to make a positive difference for its clients and society. Website: www.safetec.no