Testing, inspection, certification and consulting engineering group Rina has purchased the Edif Group, which includes the ERA engineering consultancy and the NDE testing, inspection and certification business.
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Image of Salerno (right) and Tim Dunn, Partner Phoenix Equity Partners (left), from RINA. |
This acquisition results in an expanded international geographic footprint for RINA, particularly in the US and UK, together with an increased profile in the oil and gas industry.
For RINA the acquisition of Edif is part of a long term growth plan and serves to enhance the company’s services through both its certification and consulting engineering businesses. The business potential in the US and UK oil and gas industries, is significant and the deal will give RINA fast track access to those markets. In the US market, where existing Edif (ERA) and RINA (QIC) businesses operate, the combination of expertise will provide a particularly strong platform for further expansion, the company said
Ugo Salerno, CEO at RINA, said: “This acquisition is strategic and fits very well with RINA due to Edif’s profile in the oil and gas industry. Due to the complimentary nature of the business, integration will be straight forward, resulting in a wider geographical footprint and immediate business gains. RINA wishes to expand its business in the oil and gas industry, and with the addition of Edif expertise, I believe that we can offer enhanced value to our customers through an expanded skill base both in our engineering consultancy and our testing, inspection and certification business”.
Edif in many ways is very similar to RINA, providing a diverse range of testing, inspection, certification and consulting engineering (TIC-CE) services to reduce risk, optimize performance and enhance the capability of its clients’ assets. As a result of the deal RINA will employ approximately 3000 staff and 1500 associates in over 80 offices in 163 countries.
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