M&A Deal Summary

Sproule Acquires SGS - Subsurface Consultancy

On February 10, 2023, Sproule acquired business services company SGS - Subsurface Consultancy from SGS

Acquisition Highlights
  • This is Sproule’s 2nd transaction in the Business Services sector.
  • This is Sproule’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2023-02-10
Target SGS - Subsurface Consultancy
Sector Business Services
Buyer(s) Sproule
Sellers(s) SGS
Deal Type Divestiture

Target

SGS - Subsurface Consultancy

Geneva, Switzerland
SGS - Subsurface Consultancy is a provider of subsurface consultancy services in Geneva, Switzerland.

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Buyer(S) 1

Buyer

Sproule

Calgary, Alberta, Canada

Category Company
Sector Business Services
DESCRIPTION

Sproule is a global energy consulting and advisory firm helping clients navigate the world’s evolving energy system. Its services create value by increasing shareholder confidence through trusted and independent analysis, optimizing operational performance, and strategically advising on M&A transactions and energy markets. Sproule is headquartered in Calgary, Canada, Sproule has offices in Denver, Mexico City, and The Hague.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Veegeo

Rotterdam, Netherlands

Veegeo is a geothermal advisory firm providing operational management and consulting services to geothermal companies, investors, and governmental agencies. The company has been involved in the majority of geothermal projects in the Netherlands and has an established reputation for providing wells production management, project realization support, and consulting services in the burgeoning Dutch geothermal market. Veegeo was formed in 2012 and is based in Rotterdam, Netherlands.

Buy -

Seller(S) 1

SELLER

SGS

Geneva, Switzerland

Category Company
Founded 1878
Sector Test/Measurement Equipment
Employees94,938
Revenue 6.8B CHF (2024)
DESCRIPTION
Entrance to SGS' headquarters in Geneva, Switzerland.
Entrance to SGS' headquarters in Geneva, Switzerland.

SGS provides testing, inspection, and certification services for industries including agriculture, chemicals, consumer goods, energy, and transportation. The Company supports clients in verifying product quality, meeting regulatory standards, and ensuring supply chain integrity. SGS was founded in 1878 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Switzerland M&A 1 of 2
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Analytical & Development Services

Cambridge, United Kingdom

Analytical & Development Services is a fully ISO/IEC 17025 accredited food testing laboratory active in the UK market, offering pesticides, nutrition, microbiology, food molecular biology and allergen testing services. Analytical & Development Services is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Transparency-One

Geneva, Switzerland

Transparency-One is a provider of cloud based platform for supply chain visibility and risk management. It maps the entire supply chain, tracks compliance, and provides analytics to proactively manage business risks. It helps companies interconnect and share meaningful product and facility data.

Sell -