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TÜV to merge Hungarian units

German quality certification company TÜV Rheinland will merge its four Hungarian units into a single company from January 1, business daily Világgazdaság reported on Monday.

TÜV Rheinland will merge Magyar Elektrotechnikai Ellenőrző Intézet (MEEI), Műszaki Biztonsági Vizsgáló es Tanúsító Intézet (MBVTI) and TUV Akadémiai into TUV Rheinland InterCert.

The merger is expected to result in annual savings of HUF 70 – 80 million.

The units project combined revenue of HUF 2.5 - 2.7 billion in 2010, up from HUF 2.5 billion in 2009, Gábor Czitán, who heads TÜV Rheinland's businesses in Central and Eastern Europe, told the paper.

TÜV Rheinland has 180 staff in Hungary. (MTI-Econews)