3.2 The certification agreement is concluded for an indeterminate period. 3.1 The certification agreement is concluded after SGS accepts the certification application signed by the applicant. The certification agreement includes: the certification requirement, the general terms of sale, these additional terms and conditions and, when the offer is available. SYNLAB, Europe`s leading provider of diagnostic medical services, announces the signing of an agreement to sell its Analytics -Services (A-S) unit to SGS, the world`s leading audit, auditing, auditing and certification company. The proceeds of the sale remain within the group for future use. A-S is a European leader in the analysis and analysis of products in environmental, hygiene, hygiene, products and products. In 2019, A-S had a turnover of more than 200 million euros and employed about 2,000 people. With more than 89,000 employees, SGS operates a network of more than 2,600 offices and laboratories worldwide. As part of a larger group that focuses on similar market segments, A-S will be able to take advantage of the scale and seize new opportunities for future growth. At the same time, the transaction allows SYNLAB to focus entirely on the development of its core medical activities. Mathieu Floreani, CEO of SYNLAB Group: „The transaction creates great opportunities for all stakeholders.
While SYNLAB is focusing on its core medical activities, A-S will benefit from new growth prospects with a future owner, expert and leader in this specific segment of the market. We are convinced that we have found a new home for the company and its employees. Sytze Voulon, CEO of SYNLAB Analytics Services, adds: „The collaboration with SGS opens up new growth opportunities for A-S. As a leader in inspection, auditing, auditing and certification, we will be able to leverage existing resources and further strengthen our business. The transaction is subject to customary regulatory approvals and the sale is expected by early Q2021. (a) its issuance does not violate or violate other agreements or conditions in which it participates; and these additional terms and conditions apply to all certification agreements. 3.3 Without prejudice to the provisions of Article 16 of the Terms and Conditions, SGS may, without notice, terminate the certification agreement after the expiry of a three-month period from the expiry date of the decision not to assess the certificate or revoke the certificate, unless the applicant or former certified body has reapply for certification within three months.