Completion of Acquisition of Compliance Certification Services Inc., Taiwan (China)
SGS was pleased to announce the completion of the acquisition of Compliance Certification Services Inc. (CCSrf), Taiwan (China) days ago. This acquisition was announced in July 2016 that it had entered into final negotiations to acquire CCSrf. The transaction was subject to several closing conditions, principally the approval of the Investment Commission of the Taiwan (China) Ministry of Economic Affairs, and closed in September.
Founded in 1989, CCSrf employs more than 300 staff and generated 2015 revenues of approximately TWD 800 million. Based in Taipei, CCSrf is one of Greater China’s leading Electro Magnetic Compatibility (EMC) testing laboratories, with operations throughout Taiwan (China) and in China mainland. With seven laboratories, CCSrf carries out performance testing and certification in the field of EMC, radiofrequency, safety and automotive EMC, as well as other aspects of technology, for computer manufacturers and network appliance providers.
“This acquisition will strengthen our presence in the EMC, safety, wireless and component certification market,” said Frankie Ng, CEO of SGS. “It will also help us to provide greater geographical coverage for our clients.”