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SGS and Nokia Siemens Networks conclude a business and asset transaction

The transaction includes assets and around 70 employees of Nokia Siemens Networks.

On June 1, 2008 Nokia Siemens Networks concluded a business and asset transaction with SGS - the leading inspection, verification, testing and certification company. Nokia Siemens Networks transfers assets and personnel previously working on testing activities of the Research and Technology Platform business in the locations in Munich (Centre of Quality Engineering, Germany) with around 60 employees and Espoo (Finland) with around 10 employees. The transaction with SGS also includes assets related to the testing activities.

“The business and asset transaction is part of Nokia Siemens Networks’ strategy to focus further on our core competencies”, says Stephan Scholz, CTO at Nokia Siemens Networks. “Furthermore, we intend to establish a long term business partnership with SGS for testing activities.”

The transaction will support SGS in creating a strong technical center of excellence in Germany and significantly strengthen SGS in Finland. “With the transaction SGS intends to reinforce its testing network in Europe”, says Chris Kirk CEO of SGS, “and allows us to position ourselves in the field of testing for telecommunication devices.”

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