SGS Acquires the Serviços de Automação PiD Ltda (PiD) Group in Brazil
September 29, 2008
SGS is pleased to announce the acquisition of the PiD Group, a leading brazilian group specializing in valve calibration, maintenance, electrical assembly, testing, training and consultancy activities. The Company is head-quartered in Esteio (Rio Grande do Sul), with offices in Rio de Janeiro and Espirito Santo, Brazil.
Founded in 1991 and privately owned, the strategic acquisition of PiD expands SGS’ Industrial Services offering in the fast growing Brazilian offshore and onshore oil and gas industry, biofuel and manufacturing markets. With 550 staff PiD generates revenues in excess of BRL 28 million. SGS will now have 2,400 employees in Brazil.
“We are very excited about the opportunities that PiD can provide to SGS and in particular, the enhanced service that the combined Group will offer to all of our existing Industrial customers in the region” said Chris Kirk, CEO of SGS.
For further information, please contact:
Jean-Luc de Buman
& Investor Relations
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 98 61
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 53,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.