SGS Acquires 75 Percent Stake in Shenzhen Firstrank Industrial Development Co. Ltd., China
SGS is pleased to announce the acquisition of a 75 percent stake in Shenzhen Firstrank Industrial Development Co. Ltd. (Firstrank) based in Shenzhen, China.
Firstrank offers professional technical services to the offshore energy industry in the areas of quality and safety assurance, covering both in-service and under-construction facilities. The service scope includes Non-Destructive Testing, rope access services, inspection of appliances, fire safety equipment & drilling rigs, and special equipment inspection including boilers, pressure vessels & cranes. Firstrank holds an extensive range of local and international accreditations.
Founded in 2002 and privately owned, Firstrank operates out of Shenzhen with branches in Tianjin and Huizhou. With 80 staff the company generates revenues in excess of RMB 32 million.
“This investment is in line with our strategy to enter China’s offshore inspection and testing market,” said Frankie NG, CEO of SGS. “It further diversifies our service offering in this key sector.”
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 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 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.