SGS VS (SGSN.VX) said Monday that it will acquire the Spain- and Argentina-based vehicle inspection businesses of General de Servicios ITV for EUR180 million from a unit of Fomento de Construcciones y Contratas SA (FCC.MC), in an effort to bolster its automotive services unit.

"The statutory vehicle inspection business is an important component of our growth plan and we welcome this opportunity to strengthen our presence in both Western Europe and South America," Chris Kirk, chief executive of the Geneva-based goods inspection and quality control company, said in a statement.

-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@dowjones.com
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