Cotecna Inspection S.A. is pleased to announce the acquisition of Shiva Analyticals (India) Private Limited, one of India’s leading analytical testing laboratories. The acquisition was completed on 5th September 2018.
Founded in 1997, Shiva Analyticals provides a range of solutions across numerous sectors, including food & beverages, minerals & ores, fuels & oil, pharmaceuticals, and industrial hygiene. The company’s state-of-the-art facilities are based in Bangalore, and their team of experts work with a broad range of companies across India and abroad.
Sébastien Dannaud, CEO, Cotecna Inspection S.A, comments:
“We are delighted to welcome the Shiva team to Cotecna. This acquisition represents a strategic milestone for us as we continue to expand our reach across specific sectors in which we already have a strong expertise. Shiva’s lab will enable us to strengthen our presence in India and the neighboring region”.
Dr. G. Sudesh Kumar, CEO, Shiva Analyticals, adds:
“We are proud to be part of the Cotecna Group, an international business with proven expertise and decades of experience. This acquisition will open our business to new opportunities as we aim to remain ahead of the game in the analytical testing industry”.
The acquisition of Shiva Analyticals supports Cotecna’s ambitious growth strategy, which was announced earlier this year. The company currently holds approximately 10% market share within the agriculture and food testing sector, and aims to increase its presence to 15% worldwide within the next couple of years.
Dr. Sudhir Gupta, VP, Area Manager for South and South East Asia, Cotecna Inspection S.A, says:
“Cotecna is now a full service provider of inspection, testing and certification services in India thanks to this acquisition. Our aim is to use this platform to build a robust presence in the food and mineral & metals sectors in India whilst leveraging Shiva’s analytical competences. We will also be able to build on their skills and knowledge in neighboring countries."