Tuesday, 4. March 2014

Increased Demand for Consulting allows T.A. Cook to grow

The management consulting firm specialized in the asset-intensive industries sees a revenue increase of 30 procent worldwide / New office opened in Asia

To make their plants measurably more productive and efficient, companies in the process industry increasingly engage consulting services. They employ the use of consultants specialized in increasing equipment availability, in order to raise their profit margins. An example of this is in large plant inspections – so-called Shutdowns/Turnarounds.

The Asset Performance Management specialist T.A. Cook profited considerably from the past year’s increased demand. In 2013, the total revenue of the international management consulting rose to over 19 million euro, surpassing the previous year’s result by almost a third. The American market in particular contributed to the increase. Due to the similarly growing demand in Asia, T.A. Cook opened a new office in Hong Kong in 2013. The company now serves customers in over 20 countries through seven offices.

“The exceptionally good business development represent our client’s appreciation of the quality of our consulting,” says Frank-Uwe Hess, CEO of T.A. Cook. “Our longtime investment in employees, expert knowledge and methods, as well as the advancement of our internationalization, has proven itself successful again.”

In addition to consulting, T.A. Cook’s conference and seminar division also registered above average results. Compared with the previous year, the number of attendees rose by over 50 percent – the largest event taking place in Copenhagen with over 800 guests. This was also the first year that events were organized in Asia. “The rising number of attendees confirm our approach of continuously expanding our event portfolio with interesting topics and formats,” commented Thomas Cook, Senior Vice President of Events for T.A. Cook, on the growth. “We are, and remain innovative. We are, for example, working together with the University of Toronto to develop a certification course in Physical Asset Management, which is brand new in Europe. The course will be offered for the first time in 2014.”

Enquiries
Amy Faulconbridge
Communications & Media Relations Manager
+49 (0) 30 884 30 70

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