SGS S.A. (SGSN.VX) Tuesday said it has acquired four food laboratories in Turkey for an undisclosed sum.

MAIN FACTS:

- The four laboratories are: Özel MSM Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Ticaret A.S., MRL Merkez Kalinti Arastirma Laboratuari A.S., Sanilab Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Tic. ve San. Ltd. Sti., and Özel Hatay Gida Kontrol Laboratuari ve Danismanlik Hizmetleri Tic. Ltd. Sti.

- 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 about 16 million Turkish lira in 2011, and they employ over 100 staff.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more SGS (PK) Charts.
SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more SGS (PK) Charts.