ISO 9001 certification in an asset sale

by a searcher from University of Melbourne

1 year ago

If an existing business is required by its customers to have ISO9001 certification (and does), how is this typically handled in an asset sale (as opposed to share sale)? Does the new entity need to be re-certified? 

Thanks in advance!

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searcher from University of Hartford - Barney School of Business

First and foremost, a businesses registration is ultimately up to their Registrar. So every situation will be dependent on that relationship. That being said, I have been involved in an acquisition via asset sale of a company that had ISO. In our situation the entire team and QMS was coming w/ the asset sale. Of note is that we also had ISO, which certainly helped. Prior to close, we developed a plan to run two QMS' systems simultaneously and merge them over a pre-determined time period. We contacted the Registrar within the first week of closing and laid out the plan. We also offered to meet and let them see the acquiring company's QMS. Based on that, we had no issue and no lapse of ISO registration.

1 year ago | like reply | 1 like

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