SGS ACQUIRES VERILAB SA IN ANTOFAGASTA, CHILE

3/9/2010, 7:01 AM (Source: GlobeNewswire)

SGS+0.60%

2,850.00
Chart for: SGS N
SGS / SGS ACQUIRES VERILAB SA IN ANTOFAGASTA, CHILE processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

SGS is pleased to announce the acquisition of Verilab SA in Antofagasta, Chile.

From its laboratory in Antofagasta, Verilab performs exploration and grade
control analysis using fire assay, wet chemistry and instrumental techniques,
principally for the mining industry in Northern Chile.

Founded in 1997 and privately owned,  Verilab employs 110 staff and reported
revenue in excess of CLP 2 billion (CHF 4.2 million) for 2009.

This acquisition allows SGS to add geochemical and analytical services to the
existing metallurgical and trade related services that SGS Minerals Services
offers to its clients in Northern Chile. Together with the Group's other state
of the art testing facilities in Santiago, SGS can now provide the growing
Chilean mining market with services throughout the life cycle of the existing
and future mining operations. "Our ability to minimize our clients' risk in
evaluating projects and to enhance production is now optimized" commented Chris
Kirk, CEO of SGS.


ABOUT SGS


The SGS Group is the global leader and innovator in inspection, verification,
testing and certification services. Founded in 1878, SGS is recognized as the
global benchmark in quality and integrity. With 59'000 employees, SGS operates a
network of over 1'000 offices and laboratories around the world.




FOR FURTHER INFORMATION, PLEASE CONTACT:


Jean-Luc de Buman
Corporate Communications & Investor Relations

SGS SA
1 place des Alpes
CH 1211 Geneva 1
Tel:       +41 (22) 739 95 93
Fax:     +41 (22) 739 98 61
SGS.Investor.Relations@sgs.com
WWW.SGS.COM


[HUG#1391885]



--- End of Message ---

SGS
1 place des Alpes
P.O. Box 2152 Geneva 1 Switzerland

WKN: 870264;ISIN: CH0002497458;

SGS ACQUIRES VERILAB SA IN ANTOFAGASTA, CHILE: http://hugin.info/100354/R/1391885/349611.pdf
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.