- Buyer's Guide
SGS recently announced the acquisition of Herguth Laboratories Inc. of Vallejo, Calif.
An independent laboratory with expertise in lubricants, petroleum-based substance testing and tribological research, Herguth Laboratories was founded in 1980 and primarily serves the energy and transportation industries.
The privately owned laboratory operates two facilities in Vallejo, Calif., and Naperville, Ill. The company has 46 employees with projected generated revenues of $5.5 million in 2012.
"This acquisition offers unlimited opportunities for the talented and dedicated staff at Herguth," said Bill Herguth, CEO of Herguth Laboratories Inc. "In addition, the user base in industry will benefit from increased access to high-quality, sophisticated testing service in every area of North America. I plan to stay very involved on a day-to-day basis with the SGS Group and Herguth Labs for the benefit of our clients and staff."
The alliance between Herguth Labs and SGS will make it the leading oil condition-monitoring company in North America, offering both routine, highly automated analysis and equipment condition diagnostics as well as non-routine consulting services such as lubrication programs audits, root cause and failure analysis.
Based in Geneva, Switzerland, SGS is a leading inspection, verification, testing and certification company with more than 70,000 employees and a network of more than 1,350 offices and laboratories around the world.
"This acquisition complements our lubricant testing network, making SGS a truly global oil condition monitoring provider," said Chris Kirk, chief executive officer of SGS.
For more information, visit www.sgs.com.