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.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 14, 2021
Published By in Business
October 13, 2021
Published By in Bank / Finance / Insurance
October 7, 2021
Published By in Engineering / Manufacturing
September 28, 2021
Published By in Business
September 18, 2021
Published By Consulate General of Switzerland in Guangzhou in Bilateral Relations