Testing Inspection And Certification Market Scope And Analysis

Testing, Inspection and Certification Market Report Scope

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions, new product launches, expansion, and diversification are highly adopted by companies in the Testing, Inspection and Certification market. A few recent key developments in the Testing, Inspection and Certification market are listed below: 

• In August 2023, SGS announced the expansion of its Textile Exchange product certification services into the Indian market. This expansion aims to provide comprehensive certification solutions for manufacturers, retailers, and buyers in the textile and footwear industry. The expanded services now include certifications for recycled content (RCS) and organic content (OCS), as well as responsible sourcing of down (RDS) and animal fibers (RAF). With strategically positioned laboratories throughout India, SGS is now well-equipped to assist organizations in effectively meeting their sustainable sourcing objectives.
• In April 2023, Intertek acquired Controle Analítico, a prominent Brazilian environmental testing company with expertise in water analysis. This strategic acquisition allows Intertek to enhance its environmental testing capabilities in Brazil, complementing its current food and agri-business services portfolio. The integration of Controle Analítico aligns with Intertek's unwavering dedication to delivering exceptional quality, safety, and sustainability solutions to its clients.
• In December 2023, ALS completed the acquisition of the ExplorTech Division of Earthlabs Inc., previously known as GoldSpot Discoveries Corp. This strategic acquisition bolsters ALS's presence in the environmental testing and consulting sector. The addition of ExplorTech's specialized knowledge in geochemistry, metallurgy, and ecological analysis aligns seamlessly with ALS's existing capabilities. Integrating these resources is anticipated to strengthen ALS's capacity to deliver comprehensive services to clients in various industries, including mining, energy, and environmental management. This acquisition further solidifies ALS's commitment to providing exceptional solutions and expertise to meet the evolving needs of its clientele.
• In February 2022, Applus+, a multinational firm specializing in Testing, Inspection and Certification, revealed its acquisition of Lightship Security, Inc., a renowned provider of product certification services in North America. This strategic move aligns with Applus+ Laboratories' mission to enhance its expertise in crucial technologies and capabilities. By integrating Lightship Security, Applus+ aims to support clients in better navigating the global technological transformation driven by energy transition, electrification, and connectivity. This acquisition strengthens Applus+'s position as a leading player in the industry and enables them to provide comprehensive solutions to meet the evolving needs of their clients.
• In August 2023, ALS Limited, one of the global leaders in Testing, Inspection and Certification, announced the acquisition of the Proanaliz Group of Laboratories, a food testing group based in Antalye, Türkiye. The group’s strong technical team and excellent reputation help make it the country’s market leader in pesticide testing. With satellite labs strategically located in the municipalities of Kumluca, Alasehir, Demre, and Fethiye, the group’s proximity to Turkish agricultural producers has enabled it to provide clients with exceptional turnaround times of hours rather than days.
• In June 2023, Applus+, a global leader in the Testing, Inspection and Certification (TIC) sector, announced the acquisition of the entire share capital of Rescoll, a leading material testing and R&D technological partner based in France.
• In May 2022, Bureau Veritas, a world leader in Testing, Inspection and Certification (TIC) services, announced the opening of its third U.S. microbiology laboratory in Reno, Nevada. The new laboratory offers rapid pathogen testing as well as microbiology indicator analyses to ensure the safety of food and agriculture commodities.