ICT

TUV SUD

Company Profile Analysis

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TUV SUD - ICT showcase

Year Founded & Workforce

1865-12-31

26,000 Employees

Industry

ICT

Services

T

TUV SUD Overview

Company Headquarters: Germany

Founded: 1866

Workforce: ~26,000

Company Working: TUV SUD is a global testing, inspection & certification provider company. TUV SUD divided its operations into three segments including industry, mobility, and certification. Further, it offers auditing & system certification, testing services, product certification, inspection, technical advisory, global market access, training, risk management services for chemical & process, manufacturing, retail, consumer goods, energy, mobility & automotive, infrastructure & rail industries globally. TUV SUD provided more than 605,000 certificates to approximately 1,000 locations worldwide.

Strategy

TUV SUD focuses on investing organically and through acquisitions in order to capitalize on long-term strategic drivers and expand the business. The company invested considerably in the business in 2022, and invested around USD 24.4 million in research and development of innovative services and processes.

Company Snapshot

$3.05M

Revenue

26,000

Employees

1865-12-31

Founded

Germany

Headquarters

SWOT Analysis

Strengths

  • Significant geographical presence
  • Strong Market Position
  • Significant services and solution offering

Weaknesses

  • Major ups and downs in the financial performance of the company in recent years

Opportunities

  • Growing automation in mining and oil & gas industry

Threats

  • Intense Competition

Key Developments

DateApproachDevelopment
January 2023PartnershipTÜV SÜD, entered into a partnership with wind energy business Ventus Group to provide services to wind energy enterprises in India. As part of the arrangement, the firms provides energy companies in India with solutions for measuring, assessing, and optimising wind farms and wind turbine performance.
January 2023PartnershipTata Consultancy Services (TCS) partnered with TÜV SÜD PSB, a subsidiary of TÜV SÜD Group, to help companies in Asia Pacific with their carbon management and elimination journeys, and to enable more organisations to achieve their net zero objectives and broader environmental agenda through the TCS Zero Carbon Platform.
December 2022AcquisitionTÜV SÜD America Inc. acquired Ruby Canyon Environmental, Inc. and Ruby Canyon México S.A. de C.V., two independent Greenhouse Gas (GHG) accounting, reporting, and auditing firms based in Mexico. This acquisition helps TÜV SÜD expand its sustainability services through its Climate Action Certification (CAC) division and its Green Energy & Sustainability strategy.
November 2022AgreementTUV SUD and Oracle Energy signed an agreement for reviewing of Orale Energy’s 400MW capacity green hydrogen plant having annual capacity of 55,000 tonnes to certify green credentials to the plant by TUV SUD
February 2022CollaborationTÜV SÜD and Tractebel DOC have announced plans to develop and intensify their cooperative offshore wind energy efforts. The collaboration supports the United Nations' Sustainable Development Goals (SDGs), particularly SDG 17 - cross-sector and cross-border collaboration. This collaboration develops develop further new services, like marine warranty surveys, and to act as a single source for comprehensive life-cycle service packages for offshore turbines and wind farms.

Product Offering

  • TUV SUD
    • Renewable Energy Data & Services Market

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles TUV SUD as part of our ongoing coverage of the ICT sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

TUV SUD

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