J.S. Hamilton Group strengthens its position on the Serbian TIC market by acquiring majority stake in Institut za zaštitu na radu a.d.

institut za zastitu na radu a.d. logo


In line with J.S. Hamilton vision of becoming a market leader in all geographies in which it operates, both through organic growth and M&A, the acquisition of Institut aims at strengthening the company’s leading position in the Serbian TIC market, after the last year acquisition of  Serbian SP Laboratorija in January 2020.


Our investments aim to strengthen the position of J.S. Hamilton as a market leading network of laboratories and inspection companies in CEE. We see significant growth potential of the Serbian market in the coming years, mainly due to the alignment of Serbian regulations with EU legislationsays Dawid Dolata, CEO at J.S. Hamilton Group.


The transaction concerns approx. 70% of shares in one of the key players on the TIC market in Serbia with headquarters in Novi Sad and three branches in Nis, Sabac and Kragujevac. Institut was founded in 1960 as a State-owned company. In 2002 Government initiated the privatization and current owners, who at the time worked at Institut, acquired 70% of issued shares in the privatization auction process and became new majority owners; In 2012 the current owners acquired the remaining shares. Today the company is led with operational excellence by top management and employs team of c.100 qualified experts and has state-of-the-art equipment. Institut brand is perceived as well-known not only in Serbia but entire CEE.


Local market know-how and highly qualified personnel are Institut’s key assets. The cooperation will enable us to combine this unique knowledge with the experience of J.S. Hamilton in Europe. This guarantees our clients the highest quality and professionalism. At the same time, our company will gain new development opportunities – explains Zeljko Tomic, Managing Director at Institute.


Institut mainly offers laboratory tests including environmental, food and mechanical / physical tests, certification (occupational safety, engineering) and inspection services, what complements SP Laboratorija offer concentrated mainly on food testing.


J.S. Hamilton Group

J.S. Hamilton is a group of companies located in CEE, providing a wide range of specialized services for industry, trade, transport, distribution and storage. The company offers a wide range of accredited laboratory analyzes of food, cosmetics and household chemicals, pharmaceuticals, packaging and industrial products, liquid and solid fuels and chemicals, environmental samples (water, sewage, waste, soil, etc.) as well as environmental documentation, consumer tests and testing of electronic and electrical equipment.