SGS Buys Canadian Material and Metal Testing Laboratory Ludwig

Swiss quality inspection company SGS SA (SGSN.VX) Monday said it has bought the Ludwig Group, a material and metallurgical testing laboratory based in Calgary and Edmonton, Alberta, Canada.

MAIN FACTS:

- The Ludwig Group serves mainly the oil and gas industry, particularly the oil and gas infrastructure and pipeline industries in Western Canada.

- It offers a broad range of specialised welding engineering necessary to design, manufacture, evaluate, and maintain industry infrastructure. It also provides clients with a world class resource both in Edmonton and Calgary for physical testing and material identification

- Founded in 1978 and privately owned, Ludwig Associates Ltd. employs 44 people and will generate 2012 revenues in excess of Can $7 million.

- The size of the deal was not disclosed.

- "I am very pleased with this acquisition, in line with our industrial strategy. We will leverage Ludwig Associates' skills within our North American network and further expand our service offerings across the oil and gas industry," said Chris Kirk, Chief Executive of SGS.

-Zurich Bureau, Dow Jones Newswires, [phone]; [e-mail]

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