SGS acquires majority stake in Chinese company


Geneva – Swiss inspection and verification company SGS has acquired a 75 per cent stake in Shenzhen Firstrank Industrial Development Co. Ltd. Firstrank is active in the offshore energy industry.

News
von swisscleantech
17.08.2015

Firstrank offers technical services to the offshore energy industry in the areas of quality and safety assurance, writes SGS in a news release. Its services include non-destructive testing, inspection of appliances, fire safety equipment and drilling rigs, and special equipment inspection.

Frankie Ng, CEO of SGS, says that the acquisition is in line with the company’s strategy to enter China’s offshore inspection and testing market: “It further diversifies our service offering in this key sector.”