SGS Acquires CertX to Strengthen Digital Trust Expertise in Cybersecurity, AI, and Functional Safety
(IN BRIEF) SGS has acquired CertX, a cybersecurity, AI, and functional safety certification specialist, to strengthen its Digital Trust services in line with its Strategy 27 goal of generating CHF 200 million in incremental revenue by 2027. Founded in 2018 as a spin-off from the University of Fribourg, CertX adds a skilled team to SGS, enhancing its capabilities in high-assurance cybersecurity and AI certification. CertX’s strong revenue growth, driven by increasing demand for digital technology trust and regulatory compliance, positions SGS for further expansion in North America and Europe, enhancing its global Digital Trust portfolio.
(PRESS RELEASE) GENEVA, 17-Dec-2024 — /EuropaWire/ — SGS has announced the acquisition of CertX, a certification expert specializing in cybersecurity, artificial intelligence (AI), and functional safety. This strategic acquisition supports SGS’s Strategy 27 goal, which aims to generate at least CHF 200 million in additional revenue from Digital Trust services by 2027.
Founded in 2018 as a spin-off from the University of Fribourg in Switzerland, CertX brings a talented team of 10 professionals to SGS. Their specialized knowledge will enhance SGS’s leadership position in high-assurance cybersecurity and AI certification, further boosting the company’s capabilities in digital trust services.
CertX has achieved impressive double-digit revenue growth, driven by the increasing demand for secure digital technologies and the need to comply with a growing array of regulations. The company’s expertise in building trust and ensuring regulatory compliance positions it well for expansion, particularly in North America and Europe, creating valuable opportunities for SGS’s global Digital Trust portfolio.
This acquisition reinforces SGS’s commitment to advancing digital trust solutions and strengthens its position as a leader in certification services for the rapidly evolving cybersecurity and AI sectors.
SGS is the world’s leading Testing, Inspection and Certification company. We operate a network of over 2,700 laboratories and business facilities across 119 countries, supported by a team of 99,250 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, safety and compliance.
Our brand promise – when you need to be sure – underscores our commitment to trust, integrity and sustainability, 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 CH0002497458, Reuters SGSN.S, Bloomberg SGSN:SW).
Ariel Bauer
Head of Investor Relations, Communications & Sustainability
t: +41 79 863 49 23
Livia Baratta
Director, Investor Relations
t: +41 79 586 48 53
e: SGS.Investor.relations@sgs.com
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First published in this link of EuropaWIRE.
