TÜV Rheinland Accelerates Global Growth with Double-Digit Gains, Expands Market Leadership

TÜV Rheinland reported robust double-digit growth for 2024, with revenue soaring 11.2% to €2.71 billion and operating profit (EBIT) more than doubling to €214.8 million. Over half of the company’s revenue now comes from outside Germany, with standout growth in India, the Middle East, Africa, and Gre...

TÜV Rheinland reported robust double-digit growth for 2024, with revenue soaring 11.2% to €2.71 billion and operating profit (EBIT) more than doubling to €214.8 million. Over half of the company’s revenue now comes from outside Germany, with standout growth in India, the Middle East, Africa, and Greater China. The workforce expanded to 25,900 employees worldwide, reflecting TÜV Rheinland’s aggressive global expansion. Key drivers included major investments in new laboratories, innovative services in AI and hydrogen, and the largest acquisition in company history—Sweden’s Bilprovningen. CEO Michael Fübi credited the company’s resilience and focus on quality and safety, noting a strong start to 2025 with 14% revenue growth in Q1. TÜV Rheinland’s strategic acquisitions and technology investments have solidified its position among the world’s top ten testing and inspection providers. Source: TÜV Rheinland Press Release, Business Wire, Silicon UK