Acquisition of other companies providing complementary services is one way in which businesses can grow, and can be particularly successful when an international market leader links up with a local firm.
That’s the thinking behind the merger this year between global inspection, quality assurance, and certification company Velosi and Qatar Center for Career Development (QCCD), specialising in management development and training programs.
Founded in 1982, Velosi is a leading provider of services to the oil and gas industries worldwide, operating through regional headquarters in the United States, the UK, Malaysia, South Africa, and the United Arab Emirates. In 2011 it became part of the Applus Group, turning the Spanish multinational into one of the largest companies in the field of safety and quality.
Velosi has 63 offices in 36 countries worldwide, and in the Middle East employs around 1,500 people in seven countries. A market leader in Qatar’s energy sector, its clients include leading national and multinational oil and gas companies, such as Qatar Petroleum, Qatargas, RasGas, Qapco, BP, Shell, Exxon Mobil, Petronas, ONGC and Chevron.
Outside of the energy industry, the company sees huge potential for winning business in the construction sector as major new infrastructure projects get under way in the run up to Qatar hosting the FIFA World Cup in 2022 as Velosi is diversifying to infrastructure sector with the help of Applus.
QCCD was established in 2007 to offer government and private sector clients a complete range of management soft-skills training programmes, cost-effective human resources consultancy, and executive search services.
Following Velosi’s acquisition of around 75 percent of QCCD’s shares, a new entity, Velosi-QCCD, was launched in April. Registered in the Jersey in the Channel Islands, Velosi-QCCD will operate as an offshore arm of Velosi, Qatar.
“This new venture is set to provide a fresh and innovative concept of human resources, management, executive and leadership training under one roof,” Sudhir Pandra, Velosi’s Regional Manager, Middle East said at the time the merger was announced.
“Our combination unites two market leaders – Velosi and QCCD – in asset integrity, health, safety and environment, quality assurance, quality control, engineering services, and now all forms of specialist HR consultancy and soft-skills management training, and executive development.”
Mr Pandra says that when they were separate companies Velosi and QCCD shared a common objective to ensure absolute customer satisfaction, providing a professional and ethical service.
“We remain dedicated to this objective now that we are operating as one. Together, Velosi-QCCD is privileged to serve more than 200 client organisations in more than 45 countries. The depth of our resources and the breadth of our reach are now stronger than ever,” he said.
One of the objectives is to establish an academy to provide training to meet specific human resources needs in support of Qatar’s National Vision 2030.
Dr Shaukat Chandna, Velosi-QCCD’s Managing Director, said, “There is a great need for proper HR consultancy standards to be established in Qatar to realise the goal set under the Qatar National Vision 2030.”
He says the merger of the two market leaders has created an entity with “extraordinary capability” that will provide its clients with access to “world-class HR solutions.”
“We are now uniquely positioned to provide a diversified range of client organisations with the most comprehensive set of solutions available to extend mission critical services and assure they are managed, secured, compliant, and developed in line with international best practices of management capabilities and values,” Dr Chandna said.
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