NTI has acquired Success Formula, a New Zealand consultancy that specialises in advising companies on ways to implement work safety policies and procedures.

The transport and logistics insurer revealed no details about the acquisition in its announcement of the acquisition today, and did not respond to queries from insuranceNEWS.com.au for details about the purchase.

NTI says that with the acquisition it has launched a safety culture and leadership coaching program called Traction for transport companies.

The program assesses how a company is performing across 15 different areas, including safety culture, risk management and operational processes, and provides strategies for improvement.

“Our customers engaged strongly with the opportunities and areas for improvement across leadership, communication and safety processes identified by Traction,” Chief Sustainability Officer Christopher Hogarty said.

“It is widely acknowledged that strong cultures deliver strong results…to the bottom line, employee engagement, customer satisfaction, and safety.”