SGS to acquire Applied Technical Services from Odyssey Investment Partners for $1.3bn.

SGS, a testing, inspection and certification company, agreed to acquire Applied Technical Services, a provider of specialized testing services, from Odyssey Investment Partners, a private equity firm, for $1.3bn. "We are very proud of our highly successful investment in ATS. In partnership with the management team, we have built an unparalleled North American business in terms of scale and diversity, and one that is regarded by its customers as a best-in-class service provider. As a result of our many accomplishments, ATS is well positioned for continued long-term growth and strong performance, and has attracted the interest of the global leader, which envisions it as a critical piece in achieving its considerable ambitions in North America. In addition, the strength and size of the SGS network will provide greater opportunities for ATS to expand its services to new geographies. We are grateful to the management team for their hard work and dedication and wish all of ATS’s employees continued success as part of SGS,” Jonathan Place, Odyssey Managing Principal.