SGS Buys South Africa's Metlab (Pty) Ltd. For Undisclosed Sum
April 11 2012 - 1:38AM
Dow Jones News
SGS SA (SGSN.VX) said Wednesday it has acquired Metlab (Pty)
Ltd., a metallurgical testing laboratory in South Africa, for an
undisclosed sum.
MAIN FACTS:
-Metlab has a long history of providing destructive and
non-destructive metallurgical testing and is renowned for its
replication, hardness and chemical test technicians as well as its
ability to conduct specialized testing on client sites.
-Metlab serves the heavy engineering, power engineering, testing
& inspection, heat transfer, piping and tubing, steel mill and
steel fabrication industries.
-"Metlab is an exceptionally well run business and this
acquisition will solidify SGS' metallurgical laboratory testing
footprint globally and provide access to key South African
industrial accounts," said SGS Chief Executive Chris Kirk.
-Founded in 1982 and privately owned, Metlab employs staff in
excess of 40, including metallurgical engineers, laboratory
technicians and operators. It generated 2011 revenues in excess of
ZAR 21 million.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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