Givaudan, the fragrance and beauty specialist, has announced a strategic partnership alongside an equity investment in the Swiss company Microcaps AG. This move is intended to strengthen the Geneva-based group’s technology portfolio across its fine fragrance and beauty care divisions.
Givaudan
The precision microencapsulation technology developed by Microcaps extends the longevity of fragrances, thereby enhancing the consumer experience. This expertise is particularly geared towards the technical segment of alcohol-free fine fragrance products.
The Zurich-based company, a spin-out from a research group at the Swiss Federal Institute of Technology, is underpinned by a first-of-its-kind industrial microfluidic platform, and has recently launched the patented PerfumePearls solution designed for this mode of delivery.
‘The partnership with Microcaps is a strategic step that further strengthens our innovation capabilities,’ said Maurizio Volpi, president of fragrance and beauty. For Jeremy Compton, the group’s director of fragrance science and technology, encapsulation is one of the most transformative technologies in our field.
“By combining Givaudan’s extensive expertise in fragrance creation and innovation with our commitment to collaborate with Microcaps and its cutting-edge technologies,” he noted, “we will be able to explore new avenues to enhance performance and sustainability for the benefit of consumers across a wide range of fragrance and skincare applications.”
For its part, the Swiss company co-founded by Alessandro Ofner and Michael Hagander sees this alliance as a powerful growth driver to deploy its patented technology. “This collaboration allows us to further develop our technology and bring scientific precision to a broader market.”
The Givaudan Group, which employs more than 17,500 people worldwide, generated sales of 7.5 billion Swiss francs (8.24 billion euros) and delivered free cash flow equal to 14.1% of its revenue in the financial year 2025. The company, which recently acquired a majority stake in the Spanish firm Eurofragance, plans to raise its prices in response to rising supply costs.
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