The transaction includes assets and around 70 employees of Nokia Siemens Networks.
Geneva, Switzerland & Espoo, Finland & Munich, Germany, June 11, 2008 (PRESSbooth.ORG) -- 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."
About Nokia Siemens Networks:
Nokia Siemens Networks is a leading global enabler of communications services. The company provides a complete, well-balanced product portfolio of mobile and fixed network infrastructure solutions and addresses the growing demand for services with 20,000 service professionals worldwide. Nokia Siemens Networks is one of the largest telecommunications infrastructure companies with operations in 150 countries. The company is headquartered in Espoo, Finland.
www.nokiasiemensnetworks.com
About SGS:
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity.
With more than 50,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world. The company is headquartered in Geneva, Switzerland.
www.sgs.com
Contact:
Nokia Siemens Networks
Stefan Zuber
Head of Communications CMO Regions
Phone: +49 160 8080600
E-mail: stefan.zuber @ nsn.com
Riitta Mard
Media Relations Finland
Phone: +358 7180 31452
Mobile: +358 50 514 9718
E-mail: riitta.mard @ nsn.com
SGS
Jean-Luc de Buman
Corporate Communications & Investor Relations
SGS SA, 1211 Geneva 1
Tel (+41-22) 739 91 11
Fax (+41-22) 739 98 61
E-mail: enquiries @ sgs.com
News Source: Nokia Siemens Networks
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