SGS is pleased to announce the acquisition of Korea Construction Quality Test & Analysis (KCQT), Pyungtaek, Korea.
KCQT is the leading private construction materials testing and ground investigation service company in Korea.
Founded in 2000 and privately owned, KCQT employs 60 people and operates laboratories in Pyungtaek, Incheon and Anyang.
In 2009, KCQT generated revenue in excess of KRW 7’500 million (CHF 7 million).
"This transaction is completely in line with the SGS Industrial Services growth strategy. It expands our service offering in soil, construction material and geo-technical testing, key growth areas given the number of large infrastructure projects planned in Korea. It also allows SGS to offer our asset management and control services to a much broader base of clients and I am very pleased to welcome our new colleagues to the SGS Group" said 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.