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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  SGS    SGSN   CH0002497458

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SGS : Acquires CTR Consulting Testing Research Srl, Italy

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08/02/2017 | 07:01am CET

SGS is pleased to announce the acquisition of CTR Consulting Testing Research Srl (CTR), Italy.

Founded in 2004, CTR caters for the requirements of manufacturers, power generation clients and the oil & gas sector. It provides conventional and advanced non-destructive testing services, as well as destructive & chemical testing and heat treatment.

Founded in 2004 and privately owned, CTR employs 60 staff operating from two sites in Milano and Sammichele di Bari - each hosting a radiography bunker - as well as a client implant in Vibovalenzia. The company generated 2016 revenues in excess of EUR 4.5 million.

'This acquisition complements our NDT capabilities and gives us access to new major accounts,' said Frankie Ng, CEO of SGS. 'It is a valuable step towards achieving our ambition of becoming a market leader in Italy for these sectors.'

For further information, please contact:

Jean-Luc de Buman
Corporate Development,
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00

About SGS

SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.

SGS SA published this content on 02 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 August 2017 05:01:07 UTC.

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