SGS acquires Qingdao Yuanshun Automotive Services Co. Ltd, China
SGS is pleased to announce the acquisition of Qingdao Yuanshun Automotive Services Co. Ltd., (Yuanshun), based in Qingdao, China.
Yuanshun is the leading vehicle inspection company in Qingdao, Shandong province, the third largest province in China in terms of GDP. Privately owned, Yuanshun employs 72 staff and runs two vehicle inspection stations in the Licang and Sifang districts, performing both vehicle safety and emission testing.
“I am very pleased with this acquisition which represents the first steps in our Automotive strategy to enter the growing Chinese vehicle inspection market” 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 75,000 employees, SGS operates a network of over 1,500 offices and laboratories around the world.