DEKRA acquires 60% of New Zealand vehicle inspector, VTNZ
VTNZ generates annual sales EUR 50+ million with about 850 employees and 84 inspection stations. The move is one step further in Dekra’s strategic internationalisation and expansion outside Europe. VTNZ’ current owner Motor Trade Association (MTA) initially sells 60% of its shares to DEKRA. The new acquisition will see DEKRA Automotive business unit represented in 29 countries in future with their own inspection stations or through partners. In 2012, they generated total annual sales of about EUR 1.2 billion with 12,000+ employees.
“In acquiring VTNZ, we are creating an excellent platform to offer and expand our expert services in the automotive and industrial sectors in the Asia-Pacific region,” said Stefan Kölbl, CEO of DEKRA e.V. and DEKRA SE. “VTNZ is an attractive strategic investment as the market leader in vehicle testing business in New Zealand and on account of its knowledge of the industry in the key Asia-Pacific growth region.”
“Automotive services are DEKRA’s core business. With more than 23 million vehicle inspections, we are the world’s largest testing organisation in the automotive sector,” explained Clemens Klinke, member of the Management Board of DEKRA SE and Head of the Automotive business unit. “VTNZ is an excellent fit with our corporate philosophy as a quality provider and will help to boost our global activities outside Europe. In MTA, we also have a strong partner to continue the successful development of business.”
“We are delighted to have found in DEKRA a buyer and partner that, as the world market leader for vehicle inspections, will open up new market prospects for VTNZ with its expertise and knowledge of the industry,” said MTA President David Storey. “With DEKRA as the world’s leading automotive inspection organisation, we will have a strong partner moving forward to facilitate further growth for us,” emphasised Mike Walsh, CEO of VTNZ.