Dec. 19, 2019
In line with SGS’s strategy of focusing on its strategic services, SGS announced the sale of our Pest Management and Fumigation activities in Belgium and the Netherlands to Anticimex. We expect to close the sale in the early part of H1 2020.
SGS has been operating PMF since 1982, with offices in Melsele (Belgium) and Beuningen (Netherlands). PMF had an annual turnover of approximately EUR 13 million in 2018 and employed around 100 employees. The transaction multiple is commensurate with recent M&A transactions of large platforms in the Pest Management market.
“This disposal is in line with the evolution of our portfolio,” said Frankie Ng, CEO of SGS. “We are grateful to the employees and management of the PMF activities in the Netherlands and Belgium for their contribution and performance achieved over the past 37 years. We have found in Anticimex the best possible partner to continue the future success of this business.”
SGS remains committed to evolving its portfolio and creating long-term value for its employees, customers, shareholders and for society.