SGS and the founding shareholders of Horizon Energy Partners BV, the Netherlands based oil and gas consultancy business, are very pleased to announce the sale of the entire issued share capital of the company to SGS.
Established in the Netherlands in 2001 by Chief Executive, Edward van Kersbergen and his co-directors, Jacco Kokkedee and Stephane Constant, Horizon is a leading independent provider of subsurface solutions to the upstream oil and gas sector. Horizon’s range of services includes exploration geoscience, petroleum development and well design and execution. Its multidisciplinary teams allow it to provide technical excellence and expertise across the entire spectrum of subsurface disciplines in one workflow.
Today, Horizon delivers services to a blue chip customer base around the world, from its offices in the Netherlands, the United Kingdom, Nigeria and Malaysia. With more than 90 consultants, Horizon generates annual revenues of Euro 20 mio.
Commenting on the transaction, Edward van Kersbergen said: “We are delighted to team up with SGS, to accelerate growth and to provide opportunities for our workforce. The transaction is the recognition of the value and brand that we have established in the last 7 years. This is good news for our clients and employees. We look forward to working with SGS to leverage our technical expertise with the global network and client base of SGS."
Chris Kirk, CEO of SGS, said: “The acquisition of Horizon Energy Partners is a first major step in our drive into the upstream oil and gas arena. Horizon brings excellent technologies; first class, industry recognised personnel and forms a strong strategic fit with our Oil, Gas and Chemical business. Horizon will become our centre of excellence for reservoir services and the combination with SGS will provide the worldwide platform to continue Horizon’s accelerated growth to date”.
For further information, please contact:
Jean-Luc de Buman
Corporate Communications & Investor Relations
SGS SA, 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 recognised as the global benchmark in quality and integrity. With more than 50,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.