SGS buys BioVision Seed Labs

SGS announced the acquisition of BioVision Seed Labs on Friday.

Founded in 1996, BioVision employs 20 staff between its headquarters in Sherwood Park and facilities in Winnipeg and Grand Prairie. The company offers seed, grain and soil testing across a broad variety of crops. Its labs and experts are accredited under CFIA, CSI and ISO 9001:2008 standards.

“This acquisition reinforces our existing strong presence in the Canadian agricultural market,” said Frankie Ng, CEO of SGS. “It will allow us to expand our portfolio of services across our extensive countrywide branch network.”

SGS is a Switzerland-based inspection, verification, testing and certification company that employs more than 90,000 people in more than 2,000 offices and labs around the world. Originating in Europe in the 1870s, SGS has been in Canada since 1948 and offers testing and analytical services in agriculture, energy, mining and many other sectors.

According to SGS, BioVision generated revenue exceeding C$3.4 million in the last fiscal year.

Terms of the deal were not announced.

More to come.

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