SGS acquires Industrial Valve Engineering Limited, New Zealand
SGS is pleased to announce the acquisition of Industrial Valve Engineering Limited (IVE), a leading industrial valve testing & certification company headquartered in Tokoroa, New Zealand.
Founded in 1976, and privately owned, it serves various industries such as Pulp and Paper, Dairy, Food Processing, Power Generation, Process Manufacturing and Petrochemical. IVE operates from 4 locations in New Zealand: Tokoroa, Hamilton and New Plymouth in the North Island, and Christchurch in the South Island. IVE employs 70 people and generated revenues of NZ$ 11.8 mio for the year ending in March 2013.
“I am very pleased with this acquisition that will contribute to strengthen our position as a leading supplier of industrial testing & certification services in New Zealand with replication potential in Australia” 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.