This agreement is subject to the completion of satisfactory due diligence and clearance by the German Federal Cartel Office.
Founded in 1848, Institut Fresenius is a laboratory service provider offering a broad range of chemical, biological and physical analyses to its wide customer base. In addition it provides consultancy services to the life science, food, consumer products, automotive and multi-utility industries.
Institut Fresenius has over 570 employees in 19 locations in Germany and had revenues in excess of Euro 47 million for the fiscal year 2003.
This acquisition is designed to strengthen SGS' position in Germany and make it the clear regional market leader in the field of environmental, chemical, pharmaceutical (QA/QC), food, microelectronic and water testing.
The SGS Group is the clear global leader and innovator in verification, inspection, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity.
With 33'000 employees, SGS operates a network of almost 1000 offices and laboratories around the world.
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