Testing, Inspection and Certification (TIC) 2014
From 12 June to 13 July 2014 the 2014 FIFA World Cup took place in Brazil. Germany won the World Cup by defeating Argentina 1:0. With regards to TIC and especially to Human Rights NGOs the most important decision concerning FIFA World Cups was made on December 2010. On that day FIFA decided to host the 2022 FIFA World Cup in Qatar. Soon after the decision was announced the controversy began. In 2013 The Guardian even estimated that up to 4,000 workers may die due to lax safety regulations and other causes by the time the competition is held.
The Growth of TIC in 2014
The top three growing organisations in 2014 were:
Llyod’s Register: In 2014, they acquired the Senergy Group.
SGS: In 2014, the group completed 10 acquisitions for a total purchase price of CHF 119 million.
Eurofins: A busy year for Eurofins with 17 acquisitions with total annualized revenues in excess of EUR 165m versus an objective of EUR 120m. This year was more than double the profitability level compared to the 2013 acquisitions.
The following chart shows the ranking of the biggest Testing, Inspection and Certification (TIC) companies for the year 2014. 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) 2014
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 2014, including a chart of their performance over that year.
The most successful market performers for the year 2014 were:
- Eurofins with 10.69%
- SGS with 1.18%
- BV with -11.40%
- Intertek with – 24.94%