SGS Acquires Verilab SA in Antofagasta Chile
SGS is pleased to announce the acquisition of Verilab SA in Antofagasta, Chile.
From its laboratory in Antofagasta, Verilab performs exploration and grade control analysis using fire assay, wet chemistry and instrumental techniques, principally for the mining industry in Northern Chile.
Founded in 1997 and privately owned, Verilab employs 110 staff and reported revenue in excess of CLP 2 billion (CHF 4.2 million) for 2009.
This acquisition allows SGS to add geochemical and analytical services to the existing metallurgical and trade related services that SGS Minerals Services offers to its clients in Northern Chile. Together with the Group’s other state of the art testing facilities in Santiago, SGS can now provide the growing Chilean mining market with services throughout the life cycle of the existing and future mining operations. “Our ability to minimize our clients’ risk in evaluating projects and to enhance production is now optimized” 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 59,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.