Pakistan business industry has witnessed the recent merger of Moody International (Pvt) Limited -Pakistan with TUV Austria Holding AG, said the CEO of the company Rashid Mehr, a leading certification and inspection company. TUV Austria Holding AG was established in 1872. He further elaborated its change of name from Moody International (Pvt) Ltd to TUV Austria Bureau of Inspection and Certification (Pvt) Limited - Pakistan.
Moody International (Pvt) Ltd, Pakistan began its journey in 1997. Today it is ranked as a market leader in the field of Certification and Inspection.
Moody International (Pvt) Limited, Pakistan being an independent company decided amicably and concluded with Intertek Moody Group to part ways. As a result of that negotiation, between the management of Moody International Pakistan and Intertek Moody Group, the company Moody International (Pvt) Limited Pakistan became 100 percent independent and subsequently TUV Austria Group AG, acquired shareholding in Moody International (Pvt) Limited Pakistan. The board of directors of the company approved the change of name to TUV Austria Bureau of Inspection and Certification with immediate effect.
As they say experience does matter The TUV AUSTRIA Group AG the parent company is an internationally renowned brand established since 1872 with its headquarters in Vienna - Austria, providing high end technical and engineering services including but not limited to Certification and Inspection Services and additionally another 270 services internationally said Dr Reinhard Preiss, a PhD in mechanical engineering and International Main Board Director of TUV Austria Holding AG and a director in the newly formed company in Pakistan.
He further added, "We are very pleased with this investment as this is one of the major investments we as a group have done in the recent years in expanding TUV Austria Brand".
'We are also pleased that a new government will be sworn in under the able leadership of Mian Nawaz Sharif, who is known to have business-friendly policies and he is very sincere to change the perception and overall situation of the country. Rashid Mehr said the motto of the company is quality not quantity with HSE being paramount factor in our business.
Source: Business Recorder
