Eurofins Scientific (EUFI.PA), a world leader in bioanalytical testing, announces that it has successfully closed the transaction to acquire Protec Group’s water and food testing businesses in France (“Protec Bio-testing”). This acquisition comprises two laboratories with a total surface area over 1,500 m2.
One laboratory is mainly focused on food testing and is located in the Toulouse area while the other is mainly focused on water testing and is located on two sites, one in Marseille and one in the Nice area.
Collectively, the two laboratories employ over 70 staff. Protec Bio-testing processed over 130,000 samples in 2017, generating revenues close to EUR 6m.
As a result of this transaction, Eurofins will significantly reinforce its leadership in food testing with the addition of its first food testing laboratory in the South West region of France, what complements its nationwide network of food microbiology laboratories and provides a new one-stop-shop platform for accessing new clients and for increasing Eurofins food testing market share in this region. Eurofins will also reinforce its water testing footprint in the South-East of France offering a broad scope of microbiology and chemistry water testing services. Additionally, this acquisition will reinforce Eurofins leadership position in food testing in France.
Comment from Dr. Gilles Martin, Eurofins CEO: “We are extremely pleased to welcome Protec Bio-testing to the Eurofins Group. Protec Bio-testing strengthens Eurofins’ footprint in the food and water testing markets in France. In return, Protec Bio-testing’s clients will gain access to the full range of services, companies and knowledge of the Eurofins Group. This transaction is another demonstration of Eurofins’ commitment to expand its state-of-the-art network of food and water testing laboratories”.