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SGSOY SGS SA (PK)

8.84
-0.07 (-0.79%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
SGS SA (PK) USOTC:SGSOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.07 -0.79% 8.84 8.67 9.01 8.8605 8.84 8.8605 107,817 21:04:15

SGS Acquires Australia's Gladstone Testing

06/08/2012 6:37am

Dow Jones News


SGS (PK) (USOTC:SGSOY)
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ZURICH--SGS SA(SGSN.VX) said Monday it has acquired Gladstone Testing, a construction material testing business based in Queensland, Australia, for an undisclosed sum.

MAIN FACTS:

-Gladstone Testing offers a range of services focused on road construction and the commercial and residential building sectors and will allow SGS to target growth opportunities in the Gladstone region for the LNG and coal industries.

-Privately owned, it employs 14 staff and is expected to generate 2012 revenues in excess of AUD1.4 million.

-"I am pleased with this acquisition which gives us an immediate market presence and expands our geographic footprint in Australia," said Chris Kirk, CEO of SGS.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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