SGS Acquires 51 Percent Stake in The Lab (Asia) Ltd., Hong Kong
SGS is pleased to announce the acquisition of a 51 percent stake in The Lab (Asia) Ltd., based in Hong Kong.
The Lab (Asia) Ltd. is a fully independent materials testing, inspection and consulting company serving the construction, civil engineering, highways, airports and associated industries. The company has comprehensive laboratory and site testing operations, and provides materials inspection, investigation and consultancy services. Founded in 2010 and privately owned, The Lab (Asia) Ltd. employs 100 highly skilled staff and generated 2015 revenues in excess of HKD 40 million.
“Construction materials testing is a strategic part of our Industrial business," said Frankie Ng, CEO of SGS. This acquisition will support the diversification of our service offering in Hong Kong.”
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 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.