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SGS increases its stake in Bluesign Technologies
08
Jul '11
SGS is pleased to announce that it has increased its stake in Bluesign Technologies Group from 50% to 80%. Bluesign is a St. Gallen (Switzerland) based company specializing in the management of risk issues along the supply chain of the textile industry, including chemical suppliers, manufacturers, retailers and brands.

With the complexity of the textile supply chain growing constantly, the Bluesign standard helps the industry in establishing sustainable products without compromising functionality, quality and design.

"The Bluesign brand and name are recognized throughout the textile industry as the gold standard when it comes to environmental, health and safety standards. SGS is proud to have assisted in its development and this new investment in the business recognizes its value to the SGS Group and its opportunity for growth", commented Chris Kirk, CEO of SGS. In 2010, it generated revenues in excess of CHF 3.6 million.

The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 64'000 employees, SGS operates a network of over 1'250 offices and laboratories around the world.

SGS Group

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