Testing, Inspection and Certification (TIC) 2012
The Italian cruise ship Costa Concordia sank on 13 January 2012, after striking rocks in shallow water off the coast of the small Italian island of Isola del Giglio. Although the accident was caused by human error, the evacuation of the ship challenged international safety regulations. With 4252 people on board it was one of the largest evacuations of a sinking ship in history. During the evacuation 32 people lost their lives. Experts estimate that the loss of life was caused because new passengers were not sufficiently trained in safety regulations or procedures.
The Growth of TIC in 2012
During the year 2012 the top two growing organisations were:
DNV GL Group: In December, the two international organisations signed an agreement on a merger which would create one of the world’s leading ship and offshore classification societies and risk management services providers in the oil and gas, renewable energy and power sectors. It is also one of the global top three organisations within management system certification. Pending approval from competition authorities, the new company will be headquartered in Norway and have more than 17 000 employees. The DNV Foundation will hold 63.5% of the shares while GL’s owner Mayfair SE will hold 36.5%.
Applus: The company’s acquisitions during 2011 were finally paying off as we could see the effects of those acquisitions in 2012. Some of the acquisitions of note were, RTD Brasil Investmentos LTDA, Kiefer & Associates, JDA Wokman Limited just to name a few.
The following chart shows the ranking of the biggest Testing, Inspection and Certification (TIC) companies for the year 2012. The figures are given in million euro and were provided by the International Confederation of Inspection and Certification Organisations (CEOC International).
Investing in Quality (TIC) 2012
Investing in quality can also mean investing in TIC companies which are publicly listed in the stock market. Below are the four biggest TIC companies in 2012, including a chart of their performance over that year.
The most successful market performers for the year 2012 were:
- Eurofins with 115.51%
- Intertek with 53.85%
- BV with 49.21%
- SGS with 30.28%