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

SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more SGS (PK) Charts.
SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more SGS (PK) Charts.