IGI India completes AGL Holdco acquisition through US subsidiary

International Gemmological Institute (India) Limited has completed a strategic acquisition that expands its global reach in gemological services. The company announced the completion of the acquisition of AGL Holdco Inc by its step-down wholly owned subsidiary International Gemological Institute Inc (IGI USA).

The acquisition was completed on February 14, 2026, following board approval granted on January 31, 2026. IGI USA acquired 100% of the shareholding of AGL Holdco Inc from the sellers Christopher P Smith and Helene Smith. This transaction also resulted in the indirect acquisition of American Gemological Laboratories LLC (AGL), which is a wholly owned subsidiary of AGL Holdco.

Following the completion of this acquisition, significant changes have occurred in the corporate structure. AGL Holdco Inc has become a wholly owned subsidiary of IGI USA and a step-down wholly owned subsidiary of both IGI Belgium and IGI India, effective February 10, 2026. Additionally, American Gemological Laboratories LLC, which was previously a wholly owned subsidiary of AGL Holdco, has now become a step-down wholly owned subsidiary of IGI USA, IGI Belgium, and IGI India, also effective from the same date.