TÜV SÜD PSB acquires AL Technologies to broaden real estate services
SINGAPORE - TÜV SÜD PSB today announces its acquisition of Singapore’s AL Technologies (ALT). The objective of this acquisition is to broaden its current spectrum of civil engineering, product testing, inspection and certification services in real estate sector. ALT is a reputable, multi-disciplinary specialist known for its material, building and geo technology expertise. Its optimistic projected growth will drive TÜV SÜD PSB’s business in the real estate sector.
“This is a very important milestone for us. ALT and TÜV SÜD PSB have been working together for some time. Now, finally we came to the mutual decision that a merger will benefit both our businesses, customers and employees. ALT has one of the biggest, most well-equipped material testing laboratories and technical personnel in Singapore. It also has excellent reputation among its customers and competitors,” said Mr. Richard Hong, CEO, TÜV SÜD PSB. “Now that we are combining resources and skills, our customers will benefit from a more integrated, one-stop real estate testing and certification services. We welcome ALT and staff to our big TÜV SÜD family.”
Mdm Tan Lay Lian, Executive Director & Founder, AL Technologies expressed, “We started business in 1989 as a small business offering soil testing services. After more than 2 decades of dedicated services to our customers, we have expanded capabilities to support full scale material, building and geo technology services. Joining TÜV SÜD makes logical sense for us. It is a win-win decision as we will scale greater heights together. ALT brings complementary expertise and customer base while TÜV SÜD contributes network and infrastructure. We believe our customers will benefit from our combined strengths.“
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