SGS is pleased to announce the acquisition of Laboratorios Contecon Urbar, with operations in Colombia and Panama.
Contecon Urbar is an independent materials testing business focusing on the quality control of building materials, in particular concrete and cement, for the construction industry.
With more than 600 staff, Contecon Urbar operates nine laboratories in Colombia and one in Panama. It is expected to generate combined 2016 revenues in excess of USD 14 million.
“I am very pleased with this acquisition which is fully in line with our Industrial strategy to diversify our service offering,” said Frankie Ng, CEO of SGS. “It strengthens our position in the growing Colombian and Panamanian markets and creates a solid platform for further expansion in South and Central America.”
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.