TÜV Rheinland enters Scandinavian vehicle inspection market
“The acquisition of Bilprovningen is an important milestone in the global growth strategy of TÜV Rheinland. We will be able to offer vehicle inspection, one of our core services, in Scandinavia for the first time. Together with the Bilprovningen team, we look forward to continuing to provide our customers in Sweden with excellent service – and to contributing to road safety in Sweden with our vehicle inspections,” says Michael Fübi, CEO of TÜV Rheinland, about the acquisition.
The acquisition significantly strengthens the global vehicle inspection business of TÜV Rheinland. To date, experts of TÜV Rheinland inspect more than 10 million vehicles per year in Germany, Chile, China, France, Latvia and Spain. The acquisition of Bilprovningen adds approximately 1.7 million vehicle inspections per year. By also taking on activities in the machinery inspection business, TÜV Rheinland is active in this sector in Sweden for the first time, thereby expanding the Industrial Services & Cybersecurity business offering in the Scandinavian country.
In total, Sweden registers approximately 6.3 million vehicle inspections annually. Similar to Germany, regular technical inspections of vehicles are mandatory. For new cars, the first inspection is required after 36 months, the second after a further 24 months and subsequent inspections every 14 months.
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 22,000 employees in over 50 countries and generates annual revenues of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts 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
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