SGS Acquires Qingdao Yuanshun Automotive Services Co. Ltd, China

by swisscham in Engineering, Manufacturing

SGS announced the acquisition of Qingdao Yuanshun Automotive Services Co. Ltd., (Yuanshun), based in Qingdao, China. Yuanshun is the leading vehicle inspection company in Qingdao, Shandong province, the third largest province in China in terms of GDP. Privately owned, Yuanshun employs 72 staff and runs two vehicle inspection stations in the Licang and Sifang districts, performing both vehicle safety and emission testing. “I am very pleased with this acquisition which represents the first steps in our automotive strategy to enter the growing Chinese vehicle inspection market” said Chris Kirk, CEO of SGS.

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