SGS Buys Malaysian 'Conserve' Lab Units For Undisclosed Sum
December 05 2011 - 1:33AM
Dow Jones News
SGS S.A. (SGSN.VX) Monday said it acquired Consolidated
Laboratory (M) Sdn Bhd and Labservice (M) Sdn Bhd, Kuala Lumpur,
Malaysia, collectively referred to as "Conserve", for an
undisclosed sum.
MAIN FACTS:
- Consolidated Laboratory, founded in 1977, specialises in food
and environmental testing, while Labservice, founded in 1984,
specialises in renal dialysis water testing.
- Privately owned, Conserve operates a state-of-the-art
laboratory in Kuala Lumpur and a small branch in Penang, employs 77
staff and is expected to generate revenues of 7.6 million Malaysian
ringgit in 2011 (CHF2.2 million).
- With this acquisition SGS becomes a leader in the growing
Malaysian food testing market and marks the first deployment of its
Environmental services
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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