REG-SGS SA Acquisition
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LONDON--(Business Wire)-- SGS Acquires the Serviços de Automacao PiD Ltda (PiD) Group in Brazil SGS is pleased to announce the acquisition of the PiD Group, a leading brazilian group specialising in valve calibration, maintenance, electrical assembly, testing, training and consultancy activities. The company is head-quartered in Esteio (Rio Grande do Sul), with offices in Rio de Janeiro and Espirito Santo, Brazil. Founded in 1991 and privately owned, the strategic acquisition of PiD expands SGS' Industrial Services offering in the fast growing Brazilian offshore and onshore oil and gas industry, biofuel and manufacturing markets. With 550 staff PiD generates revenues in excess of BRL 28 million. SGS will now have 2'400 employees in Brazil. "We are very excited about the opportunities that PiD can provide to SGS and in particular, the enhanced service that the combined Group will offer to all of our existing Industrial customers in the region" said Chris Kirk, CEO of SGS. The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 53'000 employees, SGS operates a network of over 1'000 offices and laboratories around the world. -0- *T CONTACT Jean-Luc de Buman Corporate Communications & Investor Relations SGS SA, 1211 Geneva 1 Tel (+41-22) 739 91 11 Fax (+41-22) 739 98 61 E-mail: enquiries@sgs.com Web site: www.sgs.com *T SGS SA Copyright Business Wire 2008
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