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SGS Acquires SIT Skin Investigation and Technology Hamburg GmbH, Germany

Ad Hoc AnnouncementsAcquisitionsFebruary 12, 2018

SGS is pleased to announce the acquisition of SIT Skin Investigation and Technology Hamburg GmbH (SIT), based in Hamburg, Germany.

SIT is one of the leading independent contract research companies in Germany providing applied dermatological research and studies for the cosmetics and personal care industries. The company offers a broad range of skin tolerance and proof of efficacy testing.

SIT was founded in 1997 and is privately owned. It has a team of 25 highly skilled employees and consultants. The company generated 2017 revenues in excess of EUR 3 million.

“This acquisition expands SGS’s Consumer and Retail service portfolio into the testing sector for skin care,” said Frankie Ng, CEO of SGS. “It is an excellent complement to our existing laboratory and testing capability for cosmetics and personal care in Germany.”

For further information, please contact:

Julie Engelen
Investor Relations
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00

About SGS

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 95,000 employees, SGS operates a network of over 2,400 offices and laboratories around the world.

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