SGS Acquires Yan Tai HuaJian Inspection Engineering Co., Ltd
SGS is pleased to announce the acquisition of Yan Tai HuaJian Inspection Engineering Co., Ltd. (HJEL).
Based in Yantai, in the northeastern province of Shandong, HJEL is a leading, independent, professional, industrial testing business. Founded in 1994 and privately owned, HJEL's core businesses includes non-destructive testing (NDT), material and chemical testing, and heat treatment for the power, shipping and petrochemical industries. The company has particular expertise in the testing of spherical and vertical tanks, steam turbines, generators, long-distant pipelines, civil nuclear facilities and shipping and ocean engineering.
HJEL operates in 19 provinces and employs more than 120 highly qualified staff.
"I am delighted to announce the purchase of HJEL. It is a new milestone in our very successful development in China and I am pleased to welcome our new colleagues to the SGS Group" said Chris Kirk, CEO of SGS. "This acquisition is fully in line with our strategy to position SGS as a key service supplier to the fast growing domestic industrial and energy sector in China."
"SGS has more than 8,000 staff in China which represents our biggest market and this acquisition will further increase our exposure to and enhance our brand in the domestic industrial and power markets. It also represents our first acquisition in China and we would like to think, the first of many".
For further information, please contact:
Jean-Luc de Buman
IR and Corporate Development
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 59,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.