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SGS Industrial Services
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SGS Industrial Services is a global provider of technical inspection, verification, testing and conformity assessment services for industrial markets. SGS Industrial Services is one of the 10 divisions of the Geneva-based SGS S.A. Group , which operates with more than 64,000 employees over 1,250 offices and laboratories around the world. SGS Industrial Services provides technical solutions for industries related to power generation and transmission, oil, gas and petrochemicals, renewable energy, construction and heavy manufacturing as well as banks and financial institutions. Services include technical verification, testing, statutory and voluntary inspection, certification, consultancy, training and staffing. History SGS was founded in 1878 in Rouen, France, by a young Latvian immigrant, who having seized the opportunity at one of the country’s largest ports, began to inspect French grain shipments. By 1913 the company had grown considerably and was a leading grain inspection business, inspecting 21 million tonnes of grain per year from a network of 45 offices across Europe. By the middle of the 20th century, SGS began to diversify and started offering inspection, testing and verification services across a variety of sectors, including the industrial sector. SGS Industrial Services began life in 1955 with the inspection of industrial goods and machines and with success, expanded further in 1965 with the acquisition of a company that specialized in Nondestructive Testing. Today SGS Industrial Services is one of the largest business divisions within the SGS Group. Market Segments The 6 main market segments served by SGS Industrial Services are as follows: * Banks and Financial Institutions * Construction Industry * Industrial Manufacturing and Trade * Oil, Gas and Petrochemical Industry * Power Generation and Transmission * Renewable Energy Management SGS Industrial Services is led by an Executive Vice President (EVP), operating across ten geographical regions. Each region is led by a Chief Operating Officer (COO). The EVPs and the COOs, in conjunction with the functional Senior Vice Presidents (SVPs) and the Group’s Chief Executive Officer, Chief Financial Officer and General Counsel make up the SGS Operations Council. The Operations Council meets regularly throughout the year to review performance and determine new strategies. Financial information * Revenue: 743.6 million CHF * Operating income: 103.4 million CHF Competitors Its main competitors are the companies Bureau Veritas, TÜV Rheinland, , Intertek (Moody), Germanischer Lloyd (GL) and DNV. 
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