Nearly one billion francs dedicated to Swiss start-ups
On Monday 12 February, the SGS Group announced the acquisition of the German laboratory Skin Investigation & Technology (SIT). Renowned in the field of dermatological research and testing for the cosmetics and personal care industry, the laboratory is known for its skin tolerance and proof-of-efficacy tests. In response to the trend towards outsourcing testing within companies, SGS is thus strengthening its expertise and its position as world leader in product inspection and certification. It should be recalled that the Geneva-based giant has set itself the goal of increasing its turnover by more than one billion. An ambitious goal that it intends to achieve, notably through acquisitions such as this one, over the 2016-2020 period.