SGS to Acquire Institut d’Expertise Clinique (IEC), Expanding Global Leadership in Cosmetics Testing
(IN BRIEF) SGS has announced its acquisition of Institut d’Expertise Clinique (IEC), a prominent Clinical Research Organization specializing in advanced clinical testing for the cosmetics industry. Founded in 1990 and based in France, IEC operates across Europe, Asia, and Africa, employing nearly 150 full-time staff. The acquisition, pending customary pre-closing conditions, will enhance SGS’s global leadership in cosmetics and hygiene testing.
IEC President Etienne Camel and SGS CEO Géraldine Picaud both expressed excitement about the acquisition, highlighting the strategic benefits and enhanced service capabilities it will bring to their clients.
(PRESS RELEASE) GENEVA, 11-Jul-2024 — /EuropaWire/ — SGS is pleased to announce the acquisition of Institut d’Expertise Clinique (IEC), a leading Clinical Research Organization specializing in advanced clinical testing solutions for the cosmetics industry. IEC conducts comprehensive multicentric safety and efficacy studies, in vitro tests, sensory analyses, and consumer tests on dermatological and ophthalmological cosmetic, personal care, and hygiene products.
Founded in 1990 and headquartered in France, IEC operates across Europe, Asia, and Africa, serving a prestigious international client base within the cosmetics industry. With nearly 150 full-time employees, IEC is recognized for its scientific expertise and innovative testing capabilities.
The completion of this acquisition is subject to customary pre-closing conditions, including employee consultation procedures in France.
Etienne Camel, President of IEC, expressed enthusiasm for the acquisition, stating, “Joining SGS, the leader in our industry, is a very exciting development for IEC. It will help us serve our clients even better by leveraging the many synergies that such a global player offers, whether in terms of innovation, marketing, best practices, or international expansion. We are looking forward to joining such a powerful network.”
Géraldine Picaud, CEO of SGS, welcomed the IEC team, saying, “We are delighted to welcome IEC and its talented teams to SGS. This acquisition aligns with our strategic goals and further reinforces our global leadership in cosmetics and hygiene testing. IEC brings to SGS innovative capabilities, strong scientific expertise, and a complementary geographic footprint and service offering.”
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First published in this link of EuropaWIRE.
