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SGS S.A.. (2/2/18). "Press Release: SGS Acquires TraitGenetics GmbH, Germany".

Region Region Gatersleben
  Country Germany
Organisations Organisation SGS S.A.
  Group SGS (Group)
  Organisation 2 TraitGenetics GmbH
  Group SGS (Group)
Products Product biomarker
  Product 2 plant breeding technology
Index term Index term TraitGenetics–SGS: investment, 201802 acquisition of TraitGenetics GmbH by SGS
Persons Person Ng, Frankie (SGS 201505 CEO)
  Person 2 Engelen, Julie (SGS 201802 Investor Relations Manager)
     


SGS is pleased to announce the acquisition of TraitGenetics GmbH (TraitGenetics), Germany.

Headquartered in Gatersleben near Berlin, TraitGenetics utilises state-of-the-art technologies for the development and analysis of molecular markers for plant breeding research. The company provides services across a wide variety of crops to international clients in the plant breeding industry and for academic research.

Founded in 2000 as a spin-off from the Leibniz Institute, TraitGenetics employs 17 staff and generated 2017 revenues in excess of EUR 3.5 million.

“This acquisition is aligned with our plan for Agriculture, Food & Life to further extend our capabilities in molecular biology and genetics,” said Frankie Ng, CEO of SGS. “It will expand our expertise in plant breeding services, and will strengthen our ability to support our clients’ ambitions to reduce time-to-market in the seed industry.”


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
www.sgs.com


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.

   
Record changed: 2018-02-18

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