SGS Acquires 15 Percent Stake in AgFlow SA, Switzerland
SGS is pleased to announce the acquisition of a 15 percent stake in AgFlow SA, headquartered in Geneva, Switzerland.
Founded in 2012, AgFlow SA operates an innovative trade intelligence platform aggregating OTC market data on global grains, oilseeds/proteins and edible oils from market participants worldwide.
The AgFlow platform generates transparency for physical markets, together with benchmarking data, providing insight into the world’s agricultural supply chains. Companies active in physical trading typically subscribe to the AgFlow service.
Over the past 10 years, SGS has developed a wide portfolio of market research and information services throughout the agricultural value chain. These range from the pre-farm gate to the primary processing stage, covering production trends, crop conditions, quality maps at time of harvest, global trade flows, monitoring of undesirable substances or contaminants, ad-hoc market surveys, and more.
SGS’s market research studies will enrich the AgFlow market intelligence platform, while AgFlow will broaden its technological expertise in data analytics to transform raw data into actionable information for the agricultural supply chain.
"This partnership is an excellent contribution to our TIC 4.0 strategic initiative on digitalization and data," said Frankie Ng, CEO of SGS. "A key part of our strategy is to partner with technology providers like AgFlow, broadening our offer and adding value to our services."
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.