International verification, certification and ship classification group RINA continued to grow in 2011 as it embarked on an acquisition strategy. Turnover for 2011 was up to 249 million Euros (+21 per cent) and EBITDA 41 million Euros. Turnover is expected to rise to over 300 million Euros in 2012 following major acquisitions late in 2011.
“2011 was a memorable year for RINA. We celebrated our 150th anniversary by transforming the company. Internally we swept away old divisions and created a flexible matrix structure which frees up innovation and enables us to make the best use of our talents while improving customer service. Externally we began a major programme of acquisitions which enhanced our competences and increased our size by over half. We focussed our investments and growth on growing economies, strongly increasing our footprint in Asia. And we made sure the transformation is solidly based by trimming costs and sharpening our business processes,” says Chairman and CEO Ugo Salerno. “Our acquisition programme widens both our skill base and our geographical outreach. Among four companies brought into the RINA Group in 2012 the two key acquisitions were SIMTEX Srl, the leading private Romanian certification body for corporate management systems and products and D’Appolonia Group, a global engineering consultancy company.