Shenzhen-based CTI Group acquires and integrates Greece-based NAIAS Labs

Shenzhen-listed Centre Testing International Group Co Ltd (CTI Group) on Monday (2 December) said it successfully completed the full acquisition of the Greek company Naias Scientific Analytical Laboratories Societe Anonyme (NAIAS Labs).

The Group has commenced the integration of NAIAS Labs into CTI Group’s Singapore-based marine arm, Maritec’s (CTI-Maritec) network. 

The move comes following CTI Group’s acquisition of Maritec four years ago. 

The integration comes to fruit as a result of the focused drive to expand the company’s global network in the Marine Energy Transition and Environmental Compliance & Risk sectors and strategically bring even greater value to clients worldwide.  

Richard Shentu, President of CTI, said: “This M&A was driven by our shared commitment to excellence and innovation. It will strengthen our position as a global leader in marine environmental and fuel services, the upcoming SAF aviation fuels testing and further extend our capabilities in helping our clients navigate smoothly along the decarbonisation, environmental compliance and energy transition route.”

“By synergising NAIAS’ local footprint in European markets and its potentiality with CTI’s robust global networks, we are poised to deliver even greater value to our clients worldwide.”

Dr. Marios Tsezos, on behalf of NAIAS Labs, said: “Through synergy of the two entities’ robust capabilities and their global networks, both CTI-Maritec and NAIAS Labs customers will benefit largely from the greater accessibility to the wide-range of services & solutions offered, across the EU, Asia, Asia-Pacific and Americas regions, with faster turn-around-times, and state-of-the-art know-how and technologies.”

Andreas Lougridis, EUA General Manager of CTI-Maritec, said: “Together, joining hands with the team of NAIAS Labs, we are very excited to further elevate, for our clients, our services of Fuel Testing & Solutions (including Biofuel & Alternative Fuels), Lube Oil Analysis, Discharge Water Compliance Services, Inventory of Hazardous Material (IHM) & IHM Maintenance Services, Responsible Ship Recycling (RSR) Supervision, Asbestos Management Solutions, NDT & UTM Services, Bunker Quantity Survey, Cargo Inspection and ISCC Certification & Energy Consultancy, among others.”

CTI is a third-party agency specialising in testing, calibration, inspection, certification, and technical services, for Chinese and global companies.

Founded in 2003 and headquartered in Shenzhen, CTI operates over 260 offices in over 90 cities worldwide, and about 160 laboratories globally, serving over 100,000 customers. 

On October 30, 2009, CTI was successfully listed on the Shenzhen Stock Exchange (SHE: 300012).

Related: Shenzhen-based Centre Testing International Group completes Maritec acquisition

Photo credit: Centre Testing International Group
Published: 3 December, 2024