SGS Acquires Ustav Paliv a Maziv, Czech Republic
SGS is pleased to announce the acquisition of Ustav Paliv a Maziv, a.s. (UPM).
UPM operate two laboratories in the Czech Republic (Prague and Kolin), which perform fuel testing, fuel conformity assessments and engine testing services. UPM are the market leaders in the Czech Republic for independent fuel testing.
Founded in 1997 and privately owned, the company has 48 employees and reported revenues in excess of
CZK 60 million (CHF 3.8 million) in 2008.
"The acquisition of UPM provides SGS with a unique opportunity to increase significantly our fuel testing capacity in Central Europe, strengthening SGS’ offering in the Czech Republic and neighbouring countries with facilities and a team of qualified professionals", commented 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 55'000 employees, SGS operates a network of over 1’000 offices and laboratories around the world.