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 and around EUR 23 million in revenues. Safetec has six further offices in Norway and has offices in Sweden and the UK.
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 EUR 2.1 billion.
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. 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.
Alpha Corporate Finance has acted as financial advisor to the shareholders of Safetec in the transaction.
Alpha Corporate Finance
Advised in the sale of
Safetec Nordic AS
to