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TÜV SÜD Acquires South African Market Leader Pro-Tec
MUNICH, Germany and MIDDELBURG, South Africa, November 1, 2011/PRNewswire/ --
- Non-Destructive Testing and Inspection of Power Stations
The international provider of testing and certification services TÜV
SÜD acquired the South African company Pro-Tec Boiler Inspection & NDT
Services (Pty) Ltd, with its headquarters situated in Middelburg, Mpumalanga
Province. Pro-Tec is the number one provider of non-destructive material
testing and inspection services for the power generation industry in South
Africa. In 2011 the company and its 160 staff are expected to generate
revenue of EUR 8 million. This latest acquisition marks a further step in
TÜV SÜD's international expansion strategy and underlines its focus on the
energy sector.
Pro-Tec is headquartered in Middelburg near Johannesburg, the hub of the
South African energy industry. The service provider focuses on
non-destructive testing and inspections of pressure and other equipment
carried out mainly for the power generation industry. Pro-Tec's capabilities
also support other industries like Chemical, Oil & Gas and Minerals. In
recent years Pro-Tec has succeeded in massively expanding its business in
South Africa.
"The acquisition of Pro-Tec is a perfect fit for our international
expansion strategy", says Karsten Xander, Member of the Board of Management
of TÜV SÜD AG. "It enables us to strengthen our presence on the South
African market and make full use of our group's expertise in the energy
sector." TÜV SÜD established TUV SUD South Africa Holding (Pty) Ltd in May
2010 and successfully entered the South African vehicle inspection market in
summer 2010, acquiring a shareholding in AVTS Roadworthy Stations. Through
Pro-Tec the group is now paving the way for the rollout of a broader service
portfolio. "This applies to expansion in the energy sector and other
industrial services which we intend to offer in South Africa and, starting
from there, also in other African states", adds Dr Boris Gehring, CEO of the
Industry Services division of TÜV SÜD.
"The further expansion of industry in South Africa and its neighbouring
states will result in a clear rise in the demand of energy", forecasts Leon
Nel, Managing Director and Spokesperson of Pro-Tec Boiler Inspection & NDT
Services (Pty) Ltd. "We expect energy generation to double by 2026."
According to Nel, the modernization and expansion of the complete energy
sector offers excellent growth opportunities for his company which, under
the umbrella of TÜV SÜD, can also offer a broader service portfolio for
the power station sector and the energy industry as a whole.
Note for editorial staff: The photo of Karsten Xander is available for
download in printable resolution at http://www.tuev-sued.de/pressefotos
under the "Current Press Photos" category
TÜV SÜD is a leading international service organization catering to
the strategic business segments INDUSTRY, MOBILITY and CERTIFICATION. Over
16,000 employees are represented at more than 600 locations throughout the
world. Optimizing technology, systems and know-how, the interdisciplinary
specialist teams act as process partners to strengthen their customers'
competitiveness.
Media Relations:
Matthias Andreesen Viegas
TÜV SÜD AG
Corporate Communications
Westendstr. 199, 80686 Munich
Tel: +49(0)89-57-91-1613
Fax: +49(0)89-57-91-2224
E-Mail: matthias.andreesen@tuev-sued.de
Internet: http://www.tuev-sued.de
Source: TÜV SÜD AG
.
TÜV SÜD Acquires South African Market Leader Pro-Tec
MUNICH, Germany and MIDDELBURG, South Africa, November 1, 2011/PRNewswire/ --
- Non-Destructive Testing and Inspection of Power Stations
The international provider of testing and certification services TÜV
SÜD acquired the South African company Pro-Tec Boiler Inspection & NDT
Services (Pty) Ltd, with its headquarters situated in Middelburg, Mpumalanga
Province. Pro-Tec is the number one provider of non-destructive material
testing and inspection services for the power generation industry in South
Africa. In 2011 the company and its 160 staff are expected to generate
revenue of EUR 8 million. This latest acquisition marks a further step in
TÜV SÜD's international expansion strategy and underlines its focus on the
energy sector.
Pro-Tec is headquartered in Middelburg near Johannesburg, the hub of the
South African energy industry. The service provider focuses on
non-destructive testing and inspections of pressure and other equipment
carried out mainly for the power generation industry. Pro-Tec's capabilities
also support other industries like Chemical, Oil & Gas and Minerals. In
recent years Pro-Tec has succeeded in massively expanding its business in
South Africa.
"The acquisition of Pro-Tec is a perfect fit for our international
expansion strategy", says Karsten Xander, Member of the Board of Management
of TÜV SÜD AG. "It enables us to strengthen our presence on the South
African market and make full use of our group's expertise in the energy
sector." TÜV SÜD established TUV SUD South Africa Holding (Pty) Ltd in May
2010 and successfully entered the South African vehicle inspection market in
summer 2010, acquiring a shareholding in AVTS Roadworthy Stations. Through
Pro-Tec the group is now paving the way for the rollout of a broader service
portfolio. "This applies to expansion in the energy sector and other
industrial services which we intend to offer in South Africa and, starting
from there, also in other African states", adds Dr Boris Gehring, CEO of the
Industry Services division of TÜV SÜD.
"The further expansion of industry in South Africa and its neighbouring
states will result in a clear rise in the demand of energy", forecasts Leon
Nel, Managing Director and Spokesperson of Pro-Tec Boiler Inspection & NDT
Services (Pty) Ltd. "We expect energy generation to double by 2026."
According to Nel, the modernization and expansion of the complete energy
sector offers excellent growth opportunities for his company which, under
the umbrella of TÜV SÜD, can also offer a broader service portfolio for
the power station sector and the energy industry as a whole.
Note for editorial staff: The photo of Karsten Xander is available for
download in printable resolution at http://www.tuev-sued.de/pressefotos
under the "Current Press Photos" category
TÜV SÜD is a leading international service organization catering to
the strategic business segments INDUSTRY, MOBILITY and CERTIFICATION. Over
16,000 employees are represented at more than 600 locations throughout the
world. Optimizing technology, systems and know-how, the interdisciplinary
specialist teams act as process partners to strengthen their customers'
competitiveness.
Media Relations:
Matthias Andreesen Viegas
TÜV SÜD AG
Corporate Communications
Westendstr. 199, 80686 Munich
Tel: +49(0)89-57-91-1613
Fax: +49(0)89-57-91-2224
E-Mail: matthias.andreesen@tuev-sued.de
Internet: http://www.tuev-sued.de
Source: TÜV SÜD AG
.