Eurofins strengthens its leadership in the European Agro & Food testing market with the acquisition of the Agrofood & Non-foo...
19 March 2014 - 5:00PM
Business Wire
Regulatory News:
Eurofins (Paris:ERF):
Eurofins Scientific (EUFI.PA), the global leader in food and
environmental testing services, announces the acquisition of Applus
Agrofood Testing, a leading independent food and agro-environmental
testing provider in Spain, from Applus Servicios Tecnológicos
S.L.
Employing around 160 staff, Applus Agrofood Testing generates
revenues of over EUR 10m. Over the last 20 years, it has developed
into a leading food testing provider in Spain, with a high
penetration of the largest consumer goods retailers in the domestic
market. Applus Agrofood Testing is also a local reference
laboratory in agro-environmental testing, with specific competence
in pesticides testing. It operates 3 laboratory sites in Spain with
3 further satellite facilities in Spain, China and Portugal. In
addition, it recently started developing consumer product testing
activities in China to effectively service its European retailer
customer base.
The acquisition allows Eurofins to expand its footprint and
extend its current activities to a leading position in the Spanish
food testing market. Applus Agrofood Testing’s strong position
within the retail industry in the domestic market provides the
Group a solid platform to roll-out its services and capabilities to
further increase penetration and market share. Furthermore, Applus
Agrofood Testing should benefit from the broad range of
competencies within Eurofins, and the transfer of know-how, that
should further reinforce its leading position in the domestic
market.
Comment from Dr Gilles Martin, Eurofins CEO: "Applus Agrofood
Testing is an excellent strategic fit with Eurofins' expanding
footprint in Spain, Portugal and China. It reinforces the Group’s
relationship with the Spanish retail industry and is entirely
complimentary to our existing activities for food producers in the
domestic market. We look forward to strengthening Applus Agrofood
Testing’s market position by offering the full range of services
and capabilities of the Eurofins Group”.
For more information, please visit
www.eurofins.com or contact:
Eurofins Investor Relations Phone: +32-2-766 1620
E-mail: ir@eurofins.com
Notes for the editor:
Eurofins – a global leader in bio-analysis
Eurofins Scientific is the world leader in food and
pharmaceutical products testing. It is also number one in the world
in the field of environmental laboratory services and one of the
global market leaders in agroscience, genomics, discovery
pharmacology and central laboratory services.
With about 15,000 staff in more than 190 laboratories across 36
countries, Eurofins offers a portfolio of over 100,000 reliable
analytical methods for evaluating the safety, identity,
composition, authenticity, origin and purity of biological
substances and products. The Group provides its customers with
high-quality services, accurate results in time and expert advice
by its highly qualified staff.
Eurofins is committed to pursuing its dynamic growth strategy by
expanding both its technology portfolio and its geographic reach.
Through R&D and acquisitions, the Group draws on the latest
developments in the field of biotechnology and analytical chemistry
to offer its clients unique analytical solutions and the most
comprehensive range of testing methods.
As one of the most innovative and quality oriented international
players in its industry, Eurofins is ideally positioned to support
its clients’ increasingly stringent quality and safety standards
and the expanding demands of regulatory authorities around the
world.
The shares of Eurofins Scientific are listed on the NYSE
Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA,
Bloomberg ERF FP).
Important disclaimer:
This press release contains forward-looking statements and
estimates that involve risks and uncertainties. The forward-looking
statements and estimates contained herein represent the judgement
of Eurofins Scientific’ management as of the date of this release.
These forward-looking statements are not guarantees for future
performance, and the forward-looking events discussed in this
release may not occur. Eurofins Scientific disclaims any intent or
obligation to update any of these forward-looking statements and
estimates. All statements and estimates are made based on the
information available to the Company’s management as of the date of
publication, but no guarantee can be made as to their validity.
Eurofins Investor RelationsPhone: +32-2-766 1620E-mail:
ir@eurofins.com
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