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Financing › Details

Laagrima (MA)–SGS: investment, 201612 acquisition by SGS

 

Period Period 2016-12-21
Organisations Money taker Laagrima (MA)
  Group SGS (Group)
  Money source SGS S.A.
  Group SGS (Group)
Products Product food analysis (food testing)
  Product 2 analytical services
     

SGS S.A.. (12/21/16). "Press Release: SGS Acquires Laagrima, Morocco".

SGS is pleased to announce the acquisition of Laagrima, headquartered in Casablanca, Morocco.

Laagrima offers testing analysis for the food and hospitality markets in Morocco, and is ISO 17025 accredited.

Founded in 2002 and privately owned, Laagrima employs 28 people and is expected to generate 2016 revenues of MAD 8 million.

“This acquisition is an ideal complement to our service offering for the attractive Moroccan agri-food market, and further develops our existing network,” said Frankie Ng, CEO of SGS. “Our presence in Morocco now reaches all parts of the value chain, from agricultural field to catering.”


For further information, please contact:

Jean-Luc de Buman
Corporate Development,
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
www.sgs.com


About SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.

   
Record changed: 2017-01-06

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