BELGIUM – SGS SA, the Geneva-based multinational company that provides inspection, verification, testing and certification services has acquired Oleotest NV based in Belgium for an undisclosed sum.
Oleotest NV, founded in 1959 in Antwerp, provides chemical testing services in food, feed and agricultural commodities.
According to SGS, the company which has a lab that is ISO 17025 certified generated 2017 revenues of approximately US$1.84 million, covering vegetable oils and fats, cereals and derived products, milk powder and flour.
The company is a member of the Grain and Feed Trade Association (GAFTA) and also a recognized by the Netherlands Oils, Fats and Oilseeds Trade Association (NOFOTA)
“This acquisition will provide fast entry into a complementary segment for chemical analyses, strengthening our leading position for Agriculture, Food & Life in Belgium,” said Frankie Ng, CEO of SGS.
The acquisition adds SGS presence in Belgium, operating 15 locations and employs a team of more than 1,600 specialists and experts.
At its laboratory in Wavre, Belgium, SGS launched a new large molecule bioanalytical services to handle analysis of a wide range of samples, including peptides, proteins and complex biological molecules, such as monoclonal antibodies.
SGS said the investment was a natural progression of their capabilities, enabling the company to serve the fat growing market for large molecule analysis and characterisation.
Similar expansion in capacity was seen in the US, where it increased capacity at its Lincolnshire, Chicago facility by 50% to meet both existing and future customer demands.