ALS (ASX:ALQ) set to acquire Investiga

Company News

by Rachael Jones

Global inspection business ALS (ASX:ALQ) today announced the acquisition of Investiga, a pharmaceutical testing business in Brazil and the USA.

Founded in 1993, Investiga is privately owned with 360 employees and generated $20 million of revenue in FY20.

It specialises in the cosmetic and personal care market.

Investiga will be integrated into the existing ALS Life Sciences network with a particular focus on growing in the USA, which represents over a quarter of the global market.

Shares in ALS (ASX:ALQ) are trading 3.79 per cent higher at $9.85.