TÜV SÜD wins the "Best of European Business" award

TÜV SÜD wins the "Best of European Business" award

TÜV SÜD AG is the winner of the "Best of European Business" award. The renowned accolade was created by Roland Berger Strategy Consultants to honour companies and top managers. TÜV SÜD received the award for its successful business operations in Asia Pacific, particularly the ASEAN-5 countries.

The sixth "Best of European Business" competition of Roland Berger Strategy Consultants was dedicated to the performance of German and European companies in Asia Pacific, particularly their activities in the ASEAN-5 countries. With over 500 million inhabitants and a forecast average growth in gross domestic product of six per cent by 2020, Indonesia, Malaysia, the Philippines, Thailand and Vietnam are among the most important regions of the future in terms of economic potential. TÜV SÜD AG received the award for the company's rapid development and broad presence in the Asia Pacific region. The jury particularly emphasized the intelligent diversification of services. In the ASEAN-5 countries, TÜV SÜD not only relies on its traditional products in the industry sector, but has consistently developed services catering to the industrial culture in Southeast Asia, e.g. in den field of consumer products.

Dr Axel Stepken, Chairman of the Board of Management of TÜV SÜD AG: "Between 2005 and 2010 we quadrupled our sales revenue and our staff headcount in Asia Pacific. As a service provider, we develop our strategy along the development of the international markets and the requirements of our clients. This also applies to Southeast Asia, where we have aligned our services to cater to the special requirements of these markets. As the manufacturing of textiles, clothing and shoes is one of the strengths of these markets, we made targeted investments in the further improvement and expansion of our softlines testing infrastructure. For over 140 years, TÜV SÜD has been striving to make products and processes safe, reliable and profitable. This also, and particularly, applies to new topics and innovative technologies such as e-mobility, renewable energies or energy efficiency."

The "Best of European Business" competition was created by Roland Berger Strategy Consultants to honour the outstanding performance of companies and top managers. Further information can be found on the Internet at www.best-of-european-business.com.

Contact: Matthias Andreesen