SGS Buys US-Based Environmental Testing Corporation
August 31 2011 - 1:40AM
Dow Jones News
SGS SA (SGSN.VX) Wednesday said it has acquired U.S.-based
Environmental Testing Corporation, or ETC, a vehicle and engine
emission testing laboratory based in Aurora, Colorado. The takeover
price wasn't disclosed.
MAIN FACTS:
--ETC provides comprehensive research, development and
certification testing services to domestic and foreign vehicle and
engine manufacturers as well as regulatory agencies.
--Typical clients rely on ETC to provide a suite of services in
Vehicle Laboratory, Engine Laboratory, Mileage Accumulation testing
and Test Process software development.
--Founded in 1979 and privately owned, ETC has over 30 years
experience with a long standing reputation for excellence for
automotive emissions and testing.
--The company employs 35 staff and generated 2010 revenues in
excess of $10 million.
--"The acquisition of ETC marks an extension of the services
already provided by SGS Automotive Services", said SGS CEO Chris
Kirk. "It will allow us to provide a unique suite of inspection,
verification, testing and certification services that will benefit
our clients with unparalleled quality, service and advanced
technology."
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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