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

SGS (SGSN)
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SGS : Acquires Maco Customs Service, the Netherlands

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08/02/2017 | 07:01am CEST

SGS is pleased to announce the acquisition of Maco Customs Service (Maco), headquartered in Roermond, the Netherlands.

Maco is a full customs service facilitator in the Netherlands and Belgium. It offers customs compliance services to a wide range of clients, including consultancy, import, export & transit declarations, certificates of origin, fiscal representation and excise. In recent years, Maco has invested in innovative cloud based software solutions, helping its clients address cross-border complexity and process their declarations in a compliant and efficient way.

Founded in 1953 and privately owned, Maco operates from three locations in the Netherlands and one location in Belgium. The company employs 48 people and generated revenues of EUR 3.9 million in 2016.

'Maco Customs Service is a company with a long history of trade facilitation and strong knowledge of the European customs environment,' said Frankie Ng, CEO of SGS. 'This acquisition will further diversify the services offering of our Governments and Institutions division, and is an ideal complement to our transit services and product conformity assessment activities.'

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
www.sgs.com

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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Sales 2017 6 270 M
EBIT 2017 955 M
Net income 2017 630 M
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Yield 2017 3,13%
P/E ratio 2017 27,45
P/E ratio 2018 25,19
EV / Sales 2017 2,94x
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