SGS is pleased to announce the acquisition of Tianjin Tianbao Construction Materials testing Co, Ltd., (Tianbao), in Tianjin.
Founded in 2007 and privately owned, Tianbao is the leading construction materials testing laboratory in the Tianjin Binhai Development Zone - the third largest Chinese economic development zone after Shenzen and Shangai Pudong. Tianbao is the only testing lab located in the Airport Industry Park of the Development Zone and employs 15 staff members.
"This new acquisition falls in line with our strategy to position SGS as a domestic player in China,"said Chris Kirk, CEO of SGS." Tianbao, with its accreditations and qualifications provides us with direct access to the fast growing Tianjin market and will set a solid platform for growth in other segments including petrochemical and transportation."
For further information, please contact:
Jean-Luc de Buman
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 95 93
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 64,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.