SGS / SGS ACQUIRES MSM, MRL, ÖZEL HATAY AND SANILAB IN TURKEY . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
SGS is pleased to announce the acquisition of 4 food laboratories located in Turkey, namely Özel MSM Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Ticaret A.S. ("MSM"), MRL Merkez Kalinti Arastirma Laboratuari A.S. ("MRL"), Sanilab Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Tic. ve San. Ltd. Sti. ("Sanilab") and Özel Hatay Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Tic. Ltd. Sti. ("Özel Hatay"). Founded between 2006 and 2009, MSM, MRL, Özel Hatay and Sanilab are leading privately owned laboratories in the growing Turkish food market. The companies are located in Mersin, Hatay and Antalya and are expected to generate cumulative revenues of TL c.16mio in 2011. They employ over 100 staff. "I am very pleased with these acquisitions! They will also support the deployment of other SGS services such as Agricultural or Certification in this very important economy" said Chris Kirk, CEO of SGS. *** The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 67'000 employees, SGS operates a network of over 1'250 offices and laboratories around the world. | Jean-Luc de Buman Corporate Development, Communications & IR SGS SA, 1211 Geneva 1 Tel (+41-22) 739 91 11 Fax (+41-22) 739 92 00 E-mail: sgs.investor.relations@sgs.com Web site: www.sgs.com |