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.
Dr. Hans Bethge
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