Eurofins Reinforces Asia Pacific Footprint with the Acquisition of Mechem Laboratories in Singapore
15 March 2017 - 6:45PM
Business Wire
Regulatory News:
Eurofins Scientific (Paris:ERF)(EUFI.PA), the global leader in
food and environment testing, announces the acquisition of Mechem
Laboratories (“Mechem”), one of the leading laboratory service
providers in Singapore.
As one of the reference laboratories in the country, the
acquisition of Mechem should accelerate Eurofins’ roll-out of its
world-leading capabilities to serve the food and beverage industry
in Singapore, as well as provide Eurofins a strong entry platform
in the local environment testing market. In return, Mechem will
gain access to the complete infrastructure and capability of the
Group, which should allow substantial expansion of the range of
services it offers to both domestic and international customers,
thereby accelerating its market share expansion.
Comment from Dr. Gilles Martin, Eurofins CEO: “The
acquisition of Mechem is another demonstration of our commitment to
the Asia Pacific region. We are looking forward to contributing to
strengthening Mechem’s market position, as well as expanding the
portfolio of tests it offers by giving it access to the full range
of services and capabilities of the Eurofins Group.”
Notes for the editor:
Eurofins – a global leader in bio-analysis
Eurofins Scientific through its subsidiaries (hereinafter
sometimes “Eurofins” or “the Group”) believes it is the world
leader in food, environment and pharmaceutical products testing and
that it is also one of the global independent market leaders in
certain testing and laboratory services for agroscience, genomics,
discovery pharmacology and for supporting clinical studies. In
addition, Eurofins is one of the key emerging players in specialty
clinical diagnostic testing in Europe and the USA. With over 27,000
staff in 310 laboratories across 39 countries, Eurofins offers a
portfolio of over 130,000 analytical methods for evaluating the
safety, identity, composition, authenticity, origin and purity of
biological substances and products, as well as for innovative
clinical diagnostic. The Group objective is to provide its
customers with high-quality services, accurate results on 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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170315005475/en/
Eurofins Food & Environment Testing Asia PacificOlivier
Defline, +852 3719 8281OlivierDefline@eurofins.comorEurofins
ScientificInvestor Relations+32 2 766
1620ir@eurofins.comwww.eurofins.com
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