Actualités du secteur

Eurofins Scientific (EUFI.PA), a global scientific leader in bioanalytical testing, announces the successful closing of the transaction to acquire TestAmerica from the JSTI Group (Shenzen Stock Exchange Stock Code 300284), a global provider of Environmental Consulting and Engineering solutions, as communicated on October 1st, 2018. TestAmerica will be consolidated in Eurofins’ accounts from November 1st 2018.

TestAmerica is the leading environmental testing laboratory group in the USA, delivering innovative technical expertise and analytical testing services to its clients for many years. TestAmerica operates an integrated network of 24 full service testing laboratories and 40 service centres throughout the USA. TestAmerica should generate revenues of over US$230 million in 2018 and employs over 2,000 staff. The acquisition price is US$175 million on a cash free debt free basis. As Eurofins and TestAmerica have a largely complementary geographic footprint and technical offering, restructuring of either business is expected to be minimal, the focus being on further enhancement of consolidated service offering to the market and scale economies with respect to rare tests, R&D, operational costs and operational optimization/harmonization/specialization of sites to improve efficiencies.

This acquisition significantly strengthens Eurofins’ environment testing offering in the USA, which is the largest environment testing market in the world. TestAmerica will expand the range of services offered to clients with over 45,000 accredited methods managed over a combined listing of 449 State or Federal accreditation programs/licenses (e.g., USDA, US Fish & Wildlife) as well as the technical expertise and capacity offered to clients thanks to its industry leading proprietary laboratory information management system. It will also enable Eurofins to access its large customer base, serving a high number of Fortune 500 companies.

Comment from Dr. Gilles Martin, Eurofins CEO: “We are extremely pleased to welcome TestAmerica and its talented teams to the Eurofins Group. We see it as a unique opportunity to acquire a high quality and complementary asset that will further strengthen Eurofins’ global offering in the competitive environmental testing market. This transaction represents another clear milestone for Eurofins towards its 2020 objectives to build an unprecedented global, one of a kind testing platform with world class infrastructure, science and IT solutions.”

Source : Eurofins

 
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