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SGS and Nokia Siemens Networks Conclude a Business and Asset Transaction in Germany and Finland

Ad Hoc AnnouncementsAcquisitionsJune 02, 2008

The transaction includes assets and around 70 employees of Nokia Siemens Networks

On June 1, 2008 Nokia Siemens Networks concluded a business and asset transaction with SGS - the leading inspection, verification, testing and certification company. Nokia Siemens Networks transfers assets and personnel previously working on testing activities of the Research and Technology Platform business in the locations in Munich (Centre of Quality Engineering, Germany) with around 60 employees and Espoo (Finland) with around 10 employees. The transaction with SGS also includes assets related to the testing activities.

“The business and asset transaction is part of Nokia Siemens Networks’ strategy to focus further on our core competencies”, says Stephan Scholz, CTO at Nokia Siemens Networks. “Furthermore, we intend to establish a long term business partnership with SGS for testing activities.”

The transaction will support SGS in creating a strong technical center of excellence in Germany and significantly strengthen SGS in Finland. “With the transaction SGS intends to reinforce its testing network in Europe”, says Chris Kirk CEO of SGS, “and allows us to position ourselves in the field of testing for telecommunication devices.”

About Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of communications services. The company provides a complete, well-balanced product portfolio of mobile and fixed network infrastructure solutions and addresses the growing demand for services with 20,000 service professionals worldwide. Nokia Siemens Networks is one of the largest telecommunications infrastructure companies with operations in 150 countries. The company is headquartered in Espoo, Finland.

About SGS

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. The company is headquartered in Geneva, Switzerland.

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Jean-Luc de Buman
Corporate Communications
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t: +41 22 739 91 11

  • SGS Headquarters

1 Place des Alpes,

P.O. Box 2152 1211,

Geneva Switzerland