Swiss SGS acquires Australian Gladstone Testing

Switzerland-based inspection and certification specialist SGS SA (VTX:SGSN) said today it had acquired Australian construction material testing company Gladstone Testing in a move that expands its services in the country.

The financial terms of the transaction were not made public.

SGS CEO Chris Kirk commented that the acquisition gives the company an immediate market presence and strengthens its geographic foothold in Australia.

Besides, it provides the company with growth opportunities in the Gladstone region for the liquefied natural gas and coal industries, the buyer added.

Gladstone Testing is a privately owned firm, which employs 14 people. Its services focus on road construction and the commercial and residential building sectors. The company is seen to generate revenues of more than AUD1.4m (USD1.5m/EUR1.2m) in 2012. The acquisition adds up to SGS’s purchases last month of French test laboratories firm Sercovam Tests Laboratory Group, Belgian life science consultancy Exprimo NV and Brazilian field trial contract research service firm Gravena – Pesquisa, Consultoria e Treinamento Agricola Ltda.

Geneva-based SGS, which was set up in 1878, specialises in the provision of inspection, verification, testing, and certification services. It comprises ten business segments operating across ten geographical regions. With more than 70,000 employees, SGS operates a network of some 1,350 offices and laboratories around the world.