• Home
  • Cutitron technology
  • Cutitron App
  • Working together
  • About us
  • News & Features
  • Careers
  • Contact
  • Home /
  • News & Features /
  • Croda Increases Minority Sh...
  • JMPCN18 (140 Of 141)
  • Croda Increases Minority Shareholding

    2 January 2019

    • Company Updates
    • Press Release
  • Croda International Plc (‘Croda’), the name behind high-performance ingredients and technologies that are relied on by industries and consumers everywhere, has today announced they will be increasing their minority shareholding in the multi-award-winning technology and digital device company Cutitronics Ltd (‘Cutitronics’). Following the investment, Croda will remain a minority shareholder.

    Croda initially invested in Cutitronics in July 2017, resulting in an exclusive commercial arrangement. This additional investment by Croda will provide Cutitronics with an opportunity to develop design updates for its innovative Cutitron® device, user and compliance testing and pilot manufacture, which is anticipated to result in the first customisable commercial device.

    Cutitron®’s further development follows extensive collaboration with skin and beauty care companies. This novel handheld device, which assesses skin health and prepares it for the optimum delivery of the skin care formulation it dispatches, provides users with an in-depth analysis of their skin needs, even taking into consideration aspects such as environmental conditions.

    Sandra Breene, President of Personal Care & North America at Croda, and a Non-Executive Officer in Cutitronics as part of the original investment, commented:

    “To be part of Cutitronics at such an exciting time in their development is wonderful. We believe that a novel device such as Cutitron®, and the wealth of data around skin care routines and consumer behaviour it will provide, will be invaluable for us in creating innovative, sustainable next generation ingredients for the personal care industry.”

    Dr David Heath, Founder and Chief Executive Officer of Cutitronics added:

    “Today’s announcement marks a milestone in Cutitronics’ journey.  We are excited to be able to put real pace behind our ambitious plans to grow our team and develop our suite of technologies.  The support we have received from Croda to date has been invaluable.  Continuing this partnership will assist us in progressing our ambitious plans for 2019 and beyond”.

    Share this article

Related News

The Beauty Revolution is here

The biggest skincare trends of 2021

Exciting R&D partnership confirmed

It’s about time that smart packaging got smarter

The Art of the Virtual Consultation

Beauty Connect Global Series: Thought Leadership Partner 2020

The Virtual Beauty Counter of the Future

How brands can make use of technology already in our pockets

;
Back to top of page

This site uses cookies.
By continuing to browse you are agreeing to the use of cookies detailed in our Privacy Policy.

  • Torus Building
    Rankine Avenue
    Scottish Enterprise Technology Park
    East Kilbride
    G75 0QF

    +44 (0) 1355 222 616

    hello@cutitronics.com
  • Newsletter

    Sign up to our newsletter for business updates and more.

    • Contact
    • Privacy Policy
    • About us
    • Site français