Swiss good inspection and testing company SGS SA (SGSN.VX) said Monday it will acquire privately-held Tianjin Tianbao Construction Materials testing Co. Ltd. for an undisclosed price, an effort to ramp up business in China.

MAIN FACTS:

- Tianbao is the leading construction materials testing laboratory in the Tianjin Binhai Development Zone, the third largest Chinese economic development zone after Shenzen and Shangai Pudong. Tianbao employs 15 staff members.

- "This new acquisition falls in line with our strategy to position SGS as a domestic player in China," said Chris Kirk, Chief Executive of SGS. "Tianbao, with its accreditations and qualifications provides us with direct access to the fast growing Tianjin market and will set a solid platform for growth in other segments including petrochemical and transportation."

-Zurich Bureau, Dow Jones Newswires; +41 43 443 8040; zurichdjnews@dowjones.com
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