23rd November 2020
Olivier Aeschlimann, Senior Financial Analyst
The acquisition, for EUR 550 million, of the German company Synlab, specialising in environmental analyses, strengthens the global network of SGS and confirms the Genevan group’s desire to specialise in the most promising segments of the market. Indeed, the TIC (Testing, Inspection and Certification) sector is evolving and the best growth opportunities are in the segments of health, nutrition, environment, connectivity, consumer products, natural resources and sustainability. SGS intends to simplify its structure and reduce the number of its divisions from height to five. The company will thus gain in agility and increase its ability to align with market demands. The new structure will also allow the group to better measure the relevance of its decisions in terms of capital allocation.