SGS acquires Consolidated Laboratory (M) Sdn Bhd and Labservice (M) Sdn Bhd, Malaysia
SGS is pleased to announce the acquisition of Consolidated Laboratory (M) Sdn Bhd and Labservice (M) Sdn Bhd, Kuala Lumpur, Malaysia, collectively referred to as “Conserve".
Consolidated Laboratory, founded in 1977, specialises in food and environmental testing, while Labservice, founded in 1984, specialises in renal dialysis water testing. Privately owned, Conserve operates a state-of-the-art laboratory in Kuala Lumpur and a small branch in Penang. It employs 77 staff and is expected to generate revenues of RM 7.6 million in 2011 (CHF 2.2 million). With this acquisition SGS becomes a leader in the growing Malaysian food testing market and marks the first deployment of its Environmental services.
“I am pleased with this acquisition which will strengthen our development in this strategic market. It gives us access to a broad range of skills and accreditations” said Chris Kirk, CEO of SGS.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 67,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.