Financing › Details
C-Labs (CH)–SGS: investment, 201612 acquisition of controlling stake by SGS
|Money taker||C-Labs S.A.|
|Money source||SGS S.A.|
|Product 2||food analysis (food testing)|
SGS S.A.. (12/19/16). "Press Release: SGS Acquires Control of C-Labs SA, Switzerland".
SGS is pleased to announce the acquisition of a controlling stake in C-Labs SA, Chiasso, Switzerland.
Founded in 2016, C-Labs is an Industry 4.0 startup, developing solutions for transforming food regulatory compliance. It adopts the latest machine learning techniques with the support of Swiss Artificial Intelligence Lab IDSIA (Istituto Dalle Molle di Studi sull'Intelligenza Artificiale).
The C-Labs platform is being developed as an integrated solution within SGS. It creates a new paradigm, using both human and technology elements to deliver enhanced, scaled, actionable insights from data.
“This acquisition is a valuable contribution to our TIC 4.0 strategic initiative on digitalization and data, and an excellent complement to the partnership initiated earlier this year with Transparency-One,” said Frankie Ng, CEO of SGS. “We will continue to partner with selected technology providers to broaden our service portfolio and enhance our value proposition.”
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
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 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.
Record changed: 2017-01-06
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