SGS, the world’s leading testing, inspection and certification company, is pleased to announce the acquisition of Panacea Infosec, a global leader in information security. This strategic move reinforces SGS’s commitment to accelerating growth and building trust in the digital ecosystem.
Headquartered in India, Panacea Infosec brings over 90 highly skilled cybersecurity professionals to SGS and serves clients in India, the USA, the Middle East and Africa. The company is recognized for its expertise in payment security solutions supporting PCI/DSS standards, as well as cybersecurity, data protection and privacy services. Its offerings ensure compliance with global security standards across diverse industries, including banking, insurance, telecoms, IT, business process outsourcing and e-commerce.
By integrating Panacea Infosec’s capabilities, SGS strengthens its position in the rapidly expanding markets of payment security and information security assurance. This enhanced combined offering will help customers protect sensitive data, secure transactions and maintain compliance with international standards, fostering confidence in digital transformation.
SGS is targeting at least CHF 200 million in additional revenue from Digital Trust by 2027 compared to 2023, underscoring the strategic importance of this acquisition in driving growth and innovation.
Géraldine Picaud, CEO of SGS, commented:
“The acquisition of Panacea Infosec marks a significant step forward in our Digital Trust journey. By combining SGS’s global reach with Panacea Infosec’s deep expertise in cybersecurity and payment security, we are uniquely positioned to help clients navigate the complexities of digital risk and compliance. I warmly welcome all employees of Panacea Infosec to SGS and look forward to building our future together.”
About SGS
SGS is the world’s leading Testing, Inspection and Certification company. We operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, we combine the precision and accuracy that define Swiss companies to help organizations achieve the highest standards of quality, compliance and sustainability.
Our brand promise – when you need to be sure – underscores our commitment to trust, integrity and reliability, enabling businesses to thrive with confidence. We proudly deliver our expert services through the SGS name and trusted specialized brands, including Brightsight, Bluesign, Maine Pointe and Nutrasource.
SGS is publicly traded on the SIX Swiss Exchange under the ticker symbol SGSN (ISIN CH1256740924, Reuters SGSN.S, Bloomberg SGSN:SW).
