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SGS S.A.. (12/18/23). "Press Release: SGS Signs Agreement to Divest Crop Science Operations to Eurofins Scientific [ Ad hoc announcement pursuant to Art. 53 LR ] ".

Organisations Organisation SGS S.A.
  Group SGS (Group)
  Organisation 2 Eurofins Scientific SE (EUFI.PA)
  Group Eurofins (Group)
Products Product analytical services
  Product 2 AGRI LIFE SCIENCES
Persons Person Ng, Frankie (SGS –201505–202403 CEO STEPPED DOWN 3/24)
  Person 2 Dauwalder, Magali (SGS 202307 Media Relations)
     


SGS is pleased to announce the signing of an agreement to divest its crop science operations in 14 countries to Eurofins Scientific.

SGS’s crop science activities are composed of agroscience contract research, agricultural input testing and precision farming and agronomy services. The scope of divested operations includes over 480 employees located in 14 countries in Europe, North America, South Africa and Brazil with revenues amounting to approximately CHF 46 million in 2022.

This divestment is part of our strategic portfolio evolution aimed at further aligning the group to the TIC megatrends in our chosen markets. The transaction is subject to consultation with local stakeholders as required by the local jurisdictions and is expected to close in the coming months.

Frankie Ng, CEO of SGS said: “This transaction allows SGS’s Health and Nutrition business to focus on food, pharma and cosmetics, supporting consumer health and wellness for any substance consumed or applied to the body.

“I would like to thank our employees who have contributed to build the crop science business and I am confident that they will benefit from Eurofins’s extensive experience in agroscience services.”


About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 98,000 employees operate a network of 2,650 offices and laboratories, working together to enable a better, safer and more interconnected world.


For further information, please contact:

Investors
Ariel Bauer
Group Vice President, Investor Relations, Communications & Sustainability

Media
Magali Dauwalder
Global Head of Corporate Affairs

   
Record changed: 2024-01-18

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