Eurofins reinforces its Latin American footprint with the acquisition of Analytical Technology (“Anatech”) in Brazil
Wednesday, July 2, 2014
Eurofins Scientific (EUFI.PA), the global leader in food and environment testing, announces that it has signed an agreement to acquire Analytical Technology ("Anatech"), one of the leading environmental testing service providers in Brazil.
Anatech employs 155 staff and generates revenues in excess of BRL 30m (EUR 10m). As a reference laboratory, it has deep, long-standing relationships with the largest domestic and international industrial companies operating in Brazil, as well as federal, state and local government agencies. Anatech is renowned in the domestic market for its competency in atmospheric emissions, dioxins and furans, and biofuel analysis. It is also one of the leading laboratories for water, air and soil testing, as well as for oil geochemistry analysis.
As one of the first signatories of the United Nations Framework Convention on Climate Change (UNFCCC), Brazil has one of the broadest environmental legislations in the world, although enforcement has been more sporadic outside of São Paulo, currently the largest regional market for environmental testing. Adoption of regulations by other states in the country should drive further growth in the market. As one of the largest analytical service providers in São Paulo, Anatech is well-positioned to leverage its expertise in helping clients throughout Brazil comply with existing regulations, and assist state agencies in formulating and implementing appropriate analytical testing solutions and regulations.
Comment fromDr. Gilles Martin,Eurofins CEO: "The acquisition of Anatech provides Eurofins a strong position in one of the fastest-growing environmental testing markets in the world, as well as inroads to the large industrial clients in Brazil. In return, Anatech will have access to the Group's entire portfolio of competencies, which should allow it to further expand market share. This transaction should enable the Group to reinforce its local footprint in environmental testing, and complement our leading position in the domestic food testing market."
Comment fromMs. Ana Paula Ahualli,Anatech Managing Director: "This transaction is a major step towards Anatech's development to become the leading environmental testing service provider in Brazil. With Eurofins, we should have the strongest platform to serve the requirements of both existing and potential new clients as testing regulations are progressively rolled-out throughout the country."
For more information please visit www.eurofins.com or contact:
Edison de Fraia
Managing Director, Eurofins Brazil
Phone: +55 19 2107 5525
Phone: + 32 2 766 1620
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 over 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 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 NYSE Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP).
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.