SGS Acquires SpecHub Inc., Panama
SGS is pleased to announce the acquisition of SpecHub Inc., headquartered in Panama City with a laboratory in Isla Telfers, Colon.
SpecHub offers an extensive array of accredited inspection and testing services for the maritime and energy generation industry with a focus on Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) inspections and analysis.
Founded in 2005 and privately owned, the company is expected to generate 2016 revenues in excess of USD 0.5 million.
This acquisition will complement the SGS Oil, Gas and Chemicals offering in Panama and will position SGS as the market leader in the marine fuel and LPG testing and inspection markets.
“Following the expansion of the Panama Canal and the designation of Colon as Panama’s energy generation hub, this acquisition will strengthen our position in this strategic and fast growing market,” said Frankie Ng, CEO of SGS.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 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 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.