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Investment sees Sodexo reinforce integrated offering and deepen pharmaceuticals expertise
Sodexo, has this week announced that it is taking a significant minority stake in Puerto Rico-based, life sciences engineering expert Mentor Technical Group, to add technical services and regulatory compliance to its current integrated services offer for pharmaceutical clients.
MTG provides a complete portfolio of technical engineering and regulatory compliance solutions to the FDA-regulated industry. Its experts ensure clients meet Good Manufacturing Practice regulations for the pharmaceutical market and fulfill all global validation, calibration and metrology programme requirements. In addition, MTG has a comprehensive hard facilities management and integrated building solutions services offering.
"Facilities management in scientific and pharmaceutical environments requires highly specialised expertise and training," says Sylvia Métayer, CEO, Worldwide Corporate Services segment at Sodexo.
"Combining MTG's expertise and track record working in regulated environments with Sodexo's leading facilities management offering will ultimately deliver the best compliant solution at the best value to our clients in the sector."
Julian Rodriguez, Partner, MTG, says of the investment: "There is real chemistry between Mentor and Sodexo. We have worked together for the past several years on multiple projects and today we are taking the partnership to the next level. Our companies have aligned vision and values: our business is about supporting life science organisations to get medicines to people as efficiently possible, while Sodexo seeks to improve people's quality of life.
"Sodexo's leadership and expertise in integrated facilities management along with its global reach will enable us to expand our services beyond our current geographies. Partnering with Sodexo will bring extended personal and professional opportunities for our teams and broader, more integrated solutions for our clients."
Karen Pleva, global head of pharmaceutical and life sciences at Sodexo, has the final word:
"Investing in our capability growth in scientific and technical services is a crucial pillar of our strategy for Pharma and Life Sciences. Partnering with MTG allows us to accelerate our capability development in services that are critical to our clients; in turn enabling our clients to release more and more time back to research, development and production."
Following this investment, Sodexo will have two seats on MTG's five-person board. MTG's current leadership team stays in place.
Over the past 16 years, MTG has evolved into Puerto Rico's largest multi-disciplinary service provider to the Life Sciences and regulated industries, giving companies a competitive edge by partnering with them to provide a broad array of cost effective solutions - from expertise in critical utilities management, calibration, validation, metrology and compliance services to managing entire facilities. With a staff of over 500 dedicated resources, Mentor supports nine of the top 10 Life Sciences companies in the world. Each of Mentor's disciplines is supported by subject matter experts, giving clients access to specialised technical services at pace.
27th April 2017