SGS announces the acquisition of Idea Tests Group, a leading provider of clinical, microbiology and in vitroThe company is a leading provider of regulatory services to the cosmetics and personal care industry in France.
Founded in 1999 by Benoit Latouche, Idea is headquartered in France, with facilities in Martillac (33), Talence (33) and Plouzané (29), and in Bucharest, Romania. Idea employs close to 80 people and had a turnover of about 6 million euros in 2020.
Frankie Ng, CEO of SGS, said, " This acquisition supports our strategic evolution by further positioning our global network on key ICT trends and customer demand. It provides us with a strong clinical, microbiological and in vitro testing capability in France and enables us to offer better services to the strategic cosmetics and hygiene markets. "
The transaction is expected to close in December 2021.
