IoT quality inspection drives Dekra growth
May 19, 2016
Germany’s industrial inspection and quality test house Dekra is recording record growth, thanks in large part to test, quality and workplace issues around Industrie 4.0 and industrial IoT. One of the five largest industrial test specialists in the world, Dekra last year saw record 8.4 per cent revenue growth, outstripping the organisation’s expectations, while earnings rose by 15 per cent.
Revenues in 2015 were €2.72bn, thereby achieving the most ambitious plans. Adjusted operating earnings (EBIT) improved to €201.1m.
Dekra attributes its growth over the last year to a combination of its market positioning within the industrial testing marketing and the new challenges posed by Industry 4.0.
"Due to in-house expertise and strategic acquisitions, we are one of the top five players in the world in the growing inspection area of connectivity," said Dekra chief executive Stefan Kölbl.
As a result of new hiring and acquisitions, the number of employees increased by 1650 to approximately 37,000. Targets were achieved not only in the established markets in Europe but also in the growth regions of North America and Asia Pacific.
"Digital expertise is a key competence," said Roland Gerdon, member of the Dekra management board. “This is why we are investing in the on-going qualification of the workforce and are looking for further specialists relating to the internet of things. In the last five years alone, we have grown by some 12,000 employees and have had a revenues upturn of almost €1bn. Dekra always thinks safety from the very start and has set the objective of becoming the global partner for a safe world by 2025.”
Dekra is aiming at further international expansion. Alongside its home market of Europe, the focus is sharpening particularly in the growth regions of North America and Asia Pacific.
"We will be there where people need safety," said Kölbl.
The aim is to double the business volume in the Asia Pacific region over the next five years. In North America, too, the objective is to make above-average revenue increases in this period. In internationalising its business, Dekra also intends to continue deploying strategic acquisitions.
"In important countries and markets, we are aiming to achieve blanket coverage, so as to operate close to the customer," said Kölbl.
Dekra was founded in 1925 in Berlin as Deutscher Kraftfahrzeug-Überwachungs-Verein – the German Motor Vehicle Inspection Association.