Swiss inspection firm SGS acquires Indian cybersecurity firm

SGS is strengthening its cybersecurity services business in India. The global certification and inspection group based in Zug has announced it is acquiring the Indian company Panacea Infosec. +Get the most important news from Switzerland in your inbox This acquisition, the amount of which was not disclosed, is expected to strengthen SGS's presence in the information security sector and generate at least CHF200 million ($251 million) in additional revenue by 2027. Panacea Infosec employs around 90 people and has customers in the US, the Middle East and Africa. Panacea Infosec offers secure payment, cybersecurity, data protection and privacy services, according to a statement from the group, which recently moved its headquarters from Geneva to Zug. Adapted from Italian by AI/jdp How we work We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and ...