NIFE has been acquired by TÜV Rheinland Group
The international technical services provider TÜV Rheinland has acquired the business and assets of NIFE, a premier vocational training institute based in southern India. The terms of the transaction have not been disclosed.
Headquartered in Kochi, NIFE is the largest training provider in fire and safety, lift technology and fiber optics. NIFE has more than 70 centers in India as well as a presence in the Middle East.
The TÜV Rheinland Group (TÜV) is a leading provider of technical services worldwide. Founded in 1872 and headquartered in Cologne, the group boasts 500 locations in 65 countries. TÜV also has a presence in India in the traditional TIC business.
Oaklins advised the sellers on exiting their interest in NIFE. TÜV Rheinland was introduced as a buyer early on in the process. Interacting with an international player who had significant expertise in growing globally was extremely reassuring for the sellers. This transaction once again highlights Oaklins' ability to close deals worldwide.
Talk to the deal team
Related deals
Manolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn moreMicro Nav and Global ATS have been acquired by Indra Sistemas S.A.
Indra Sistemas S.A. strengthens its leadership in global air traffic management (ATM) with the acquisition of 100% of the share capital of Micro Nav and Global ATS from UK-based Quadrant Group. This acquisition enhances Indra’s industry-leading capabilities, solidifying its position as a global player in the air traffic control and management market.
Learn moreCanada’s Best Store Fixtures has been acquired by LSI Industries
The acquisition of Canada’s Best Store Fixtures has been successfully completed by LSI Industries to expand its capabilities, geographic reach and market presence, particularly in Canada. CBSF’s expertise and customer relationships complement LSI’s portfolio, creating opportunities for cross-selling and supporting growth in the grocery, quick service restaurant (QSR) and specialty retail sectors.
Learn more