SGS Acquires LabTox, Switzerland
SGS is pleased to announce the acquisition of LabTox SA, Bienne/Biel, Switzerland. LabTox is a leading Swiss provider of asbestos (bulk material and air), PCB (polychlorobiphenyl) and formaldehyde testing services.
Founded in 2006 and privately owned, LabTox employs 24 staff and is expected to generate revenues of CHF 4 million in 2014.
Following the acquisition of MIS Environmental in the UK and Search Group in the Netherlands, the acquisition of LabTox strengthens the SGS network of environmental laboratories.
“I am very pleased with this acquisition, which besides its European fit, demonstrates our willingness to develop our testing activities in Switzerland,” said Chris Kirk, CEO of SGS.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: +41-22 739 91 11
f: +41-22 739 92 00
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 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.