TÜV Rheinland, TUV SÜD Withdraw Merger Application

The management boards of TÜV Rheinland with headquarters in Newtown, and TÜV SÜD recently withdrawn a merger application from Germany’s Federal Cartel Office. Company officials have determined the initial proposal would not have met current antitrust requirements in Germany.

Both companies plan to reapply for a merger with a new business solution that suitably meets the government’s strict antitrust requirements.

TÜV Rheinland is the world leader in independent testing and assessment services. The $1.5 billion corporation is comprised of an international network of more than 12,500 employees at more than 360 locations in 62 countries and serves most industry sectors and markets worldwide.

Officials from both companies remain positive about the decision and believe the merger between TÜV Rheinland and TÜV SÜD will create an ideal dynamic. Together, the two international companies have the potential to successfully mine the inspection, testing, and certification markets and create new jobs in Germany while facing strong international competition.

“Both companies feel very strongly that a merger is a good decision, and it would have a positive impact on our operations right here in North America,” said TUV Rheinland of North America’s President and CEO Stephan Schmitt. “Combining our North American operations would further expand our resources and improve our competitive stance. Our companies have made so much progress in the path toward a merger, we are confident a solution can be created for a successful application.”

TÜV Rheinland and TÜV SÜD have received encouragement and approval from economic and political stakeholders who have voted unanimously to proceed toward a merger.