RINA announces definitive agreement for the acquisition of 100% of Edif Group

By Curious

Rina S.p.A (Rina), the multi-national testing, inspection, certification and consulting engineering group based in Genoa, Italy has purchased the Edif Group, which includes the ERA engineering consultancy and the NDE testing, inspection and certification business. This acquisition results in an expanded international geographic footprint for RINA, particularly in the US and UK, together with an increased profile in the marine industry.

Ugo Salerno CEO RINA S.p.a. (right) and Tim Dunn Partner Phoenix Equity Partners (left) sign the contract for RINA’s acquisition of the Edif Group

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 marine 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.

Ugo Salerno, CEO at RINA, said, “This acquisition is strategic and fits very well with RINA due to Edif’s profile in the marine industry. The ERA engineering consultancy and the NDE testing, inspection and certification business have an excellent reputation built on excellence, much in the same way as RINA. Due to the complementary 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 marine 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, optimise performance and enhance the capability of its clients’ assets. As a result of the deal RINA will employ approximately 3,000 staff and 1,500 associates in over 80 offices in 163 countries.

Source: RINA