Today, SGS enhances its Sustainability Solutions with the acquisition of a majority stake in Sulphur Experts Inc., headquartered in Calgary, Alberta, Canada.
Sulphur Experts is a highly recognized company providing process engineering consulting, specialized testing and training activities, supporting customers in the amine treating and sulfur recovery industries to optimize performance and reduce their impact on the environment.
With its expertise and technologies, Sulphur Experts helps the industry increase operational optimization and reliability through a combination of on-site sampling and expert engineering analysis. Its research and development team continues to develop innovative analytical and engineering methods to enhance the processes associated with carbon dioxide and sulfur removal, which will enable our clients to meet increasingly demanding regulatory requirements.
With offices in Canada, US and the Netherlands, the company currently employs approximately 50 people including engineers, scientists, technologists and support personnel, and generates annual revenues of c. CAD 12 million.
Frankie Ng, CEO of SGS, said: "This acquisition brings us proprietary technology and industry-leading expertise in various processes serving global refining and gas-treatment industries. These new services will form part of our Sustainability Solutions by supporting our customers on their journey towards energy efficiency and reduction of carbon and sulfur content in refined products, gas and emissions."
The transaction is expected to close on December 1.
For further information, please contact:
SVP, Corporate Communications, Sustainability & Investor Relations
t: +41 79 641 83 02
Ad hoc announcement pursuant to Art. 53 LR
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SGS SA published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 05:39:05 UTC.