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SGS Acquires Lippens Geotechniek, Zulte, Belgium

Ad Hoc AnnouncementsAcquisitionsJanuary 27, 2011

SGS is pleased to announce the acquisition of Lippens Geotechniek (formerly known as Jan Lippens BVBA), a leading geotechnical engineering company based in Zulte, Belgium.

Founded in 1994 and privately owned, Lippens Geotechniek assesses the chemical and physical properties of soil and rock. Various drilling and sounding techniques are utilized to obtain geotechnical parameters which are then used in the design of geotechnical structures such as foundations, earthworks, dams etc. Currently operating with 10 specialists, it is complementary to the existing SGS geotechnical business in Belgium, Australia and the Far East and will diversify our current range of services and products for SGS customers in the private and public sectors in the Benelux and France. It generated revenues in excess of Euro 1.3 million in 2010.

"With the acquisition of Lippens Geotechniek, we will enhance our existing management team and ideally position ourselves to meet new and upcoming changes in EU environmental legislation regarding geotechnical engineering" commented Chris Kirk, CEO of SGS.

For further information, please contact:

Jean-Luc de Buman
Corporate Development,
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 95 93
f: (+41-22) 739 98 61

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 64,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.

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