01.10.24
L’Oréal has signed an agreement to acquire the outstanding shares of Switzerland-based Gjosa, a developer of water fractioning technology that it teamed with to create the L’Oréal Professionnel Water Saver professional showerhead. The device was unveiled in 2021 at CES, as reported by Happi.
The patented water fragmentation technology in the L’Oréal Professionnel Water Saver by Gjosa allows hair salons to reduce water consumption at the backbar by up to 69% and still give clients a "pleasurable and thorough hair washing experience," according to the beauty giant, which this week is making a big splash at CES in Las Vegas.
Since 2023, the sustainable showerhead has been rolled out to more than 10,000 professional hair salons across Europe and the Middle East, helping save more than 182 million liters of water.
The plan is to continue this roll-out to over 200,000 salons worldwide in the coming years, according to L’Oréal
L’Oréal first announced a minority investment in Gjosa in 2021 through its corporate venture capital fund, BOLD (Business Opportunities for L’Oréal Development).
L’Oréal said it plans to "innovate and scale multiple applications" of Gjosa’s technology for beauty.
“Acquiring Gjosa further strengthens our ability to build sustainability directly into our products and services, allowing us to seamlessly integrate water-conserving technology into new formulations and beauty tech innovations,” said Nicolas Hieronimus, CEO, L’Oréal Groupe. “Together, we can rapidly scale up sustainable beauty solutions with enhanced performance that are less resource intensive and introduce them to the wider beauty ecosystem.”
“By 2030, nearly 60% of the world’s population is expected to be water-stressed. Combining science and technology will play a vital role in our efforts to protect this valuable resource. Both L’Oréal and Gjosa are passionately committed to the environment, providing the best beauty experiences to people around the world whilst conserving the precious resources of water,” said Barbara Lavernos, deputy CEO in charge of research, innovation and technology, L’Oréal Groupe. "With Gjosa officially joining L’Oréal, we can accelerate research and innovation and go-to-market with more innovative and sustainable beauty tech solutions for the professional and consumer markets. We are excited to welcome Gjosa into our family.”
"L’Oréal has been our most important partner and it makes utmost sense to become part of the L’Oréal Groupe of companies, as we seek to build on the early success of Water Saver and parlay this into new use cases, form factors and markets," said Amin Abdulla, co-founder and board member of Gjosa. “Our partnership has been extremely open and collaborative from the start, so the whole of Gjosa is excited for this new chapter as part of the L’Oréal Groupe family and culture.”
The acquisition is subject to standard conditions precedent and should be completed in the next few weeks, according to L’Oréal.
The patented water fragmentation technology in the L’Oréal Professionnel Water Saver by Gjosa allows hair salons to reduce water consumption at the backbar by up to 69% and still give clients a "pleasurable and thorough hair washing experience," according to the beauty giant, which this week is making a big splash at CES in Las Vegas.
Since 2023, the sustainable showerhead has been rolled out to more than 10,000 professional hair salons across Europe and the Middle East, helping save more than 182 million liters of water.
The plan is to continue this roll-out to over 200,000 salons worldwide in the coming years, according to L’Oréal
L’Oréal first announced a minority investment in Gjosa in 2021 through its corporate venture capital fund, BOLD (Business Opportunities for L’Oréal Development).
L’Oréal said it plans to "innovate and scale multiple applications" of Gjosa’s technology for beauty.
“Acquiring Gjosa further strengthens our ability to build sustainability directly into our products and services, allowing us to seamlessly integrate water-conserving technology into new formulations and beauty tech innovations,” said Nicolas Hieronimus, CEO, L’Oréal Groupe. “Together, we can rapidly scale up sustainable beauty solutions with enhanced performance that are less resource intensive and introduce them to the wider beauty ecosystem.”
“By 2030, nearly 60% of the world’s population is expected to be water-stressed. Combining science and technology will play a vital role in our efforts to protect this valuable resource. Both L’Oréal and Gjosa are passionately committed to the environment, providing the best beauty experiences to people around the world whilst conserving the precious resources of water,” said Barbara Lavernos, deputy CEO in charge of research, innovation and technology, L’Oréal Groupe. "With Gjosa officially joining L’Oréal, we can accelerate research and innovation and go-to-market with more innovative and sustainable beauty tech solutions for the professional and consumer markets. We are excited to welcome Gjosa into our family.”
"L’Oréal has been our most important partner and it makes utmost sense to become part of the L’Oréal Groupe of companies, as we seek to build on the early success of Water Saver and parlay this into new use cases, form factors and markets," said Amin Abdulla, co-founder and board member of Gjosa. “Our partnership has been extremely open and collaborative from the start, so the whole of Gjosa is excited for this new chapter as part of the L’Oréal Groupe family and culture.”
The acquisition is subject to standard conditions precedent and should be completed in the next few weeks, according to L’Oréal.