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Switzerland's SGS acquires Groupe IDEA TESTS in France

18 Oct '21

1 min read

Pic: SGS

Testing, inspection and certification company SGS has announced the acquisition of Groupe IDEA TESTS (IDEA), a leading provider of clinical, microbiological and in-vitro testing and regulatory services to the cosmetics and personal care industry in France. The transaction subject to customary closing conditions is expected to be completed in December 2021.

Founded in 1999 by Benoit Latouche, IDEA is headquartered in France, with facilities in Martillac, Talence (Bordeaux region) and Plouzané (Brest region), and in Bucharest, Romania. IDEA employs nearly 80 staff and generated revenues of approximately €6 million in 2020, SGS said in a media release.

Frankie Ng, CEO of SGS, said: “This acquisition supports our strategic evolution by further aligning our global network more closely to the key TIC megatrends and customer demand. It brings us strong clinical, microbiological and in-vitro testing capability in France and enables us to offer enhanced services to the strategic focus markets of cosmetics and hygiene.”

SGS is recognised as the global benchmark for quality and integrity. Its 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.

Fibre2Fashion News Desk (KD)

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