SGS Buys Canadian Material and Metal Testing Laboratory Ludwig
10 September 2012 - 3:42PM
Dow Jones News
Swiss quality inspection company SGS SA (SGSN.VX) Monday said it
has bought the Ludwig Group, a material and metallurgical testing
laboratory based in Calgary and Edmonton, Alberta, Canada.
MAIN FACTS:
- The Ludwig Group serves mainly the oil and gas industry,
particularly the oil and gas infrastructure and pipeline industries
in Western Canada.
- It offers a broad range of specialised welding engineering
necessary to design, manufacture, evaluate, and maintain industry
infrastructure. It also provides clients with a world class
resource both in Edmonton and Calgary for physical testing and
material identification
- Founded in 1978 and privately owned, Ludwig Associates Ltd.
employs 44 people and will generate 2012 revenues in excess of Can
$7 million.
- The size of the deal was not disclosed.
- "I am very pleased with this acquisition, in line with our
industrial strategy. We will leverage Ludwig Associates' skills
within our North American network and further expand our service
offerings across the oil and gas industry," said Chris Kirk, Chief
Executive of SGS.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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