Mergers and Acquisitions

Date: 2017-05-04

Type of information: Company acquisition

Acquired company: MVZ für Laboratoriumsmedizin am Hygiene-Institut GmbH (Hygel) (Germany)

Acquiring company: Eurofins Scientific (Luxembourg)



  • • On May 4, 2017, Eurofins Scientific announced the acquisition of MVZ für Laboratoriumsmedizin am Hygiene-Institut GmbH (Hygel), a group of clinical diagnostic laboratories headquartered in Gelsenkirchen, Germany. The transaction is expected to close at the beginning of July, subject to the fulfilment of customary closing conditions. The acquisition of Hygel provides Eurofins entry into the clinical diagnostic testing market in Germany. In return, Eurofins’ vast analytical portfolio and technical resources, as well as the Group’s world class laboratory and systems infrastructure, should support the further development of Hygel’s portfolio of diagnostic tests and services, as well as the expansion of its footprint and client reach in the rest of the country.

Details: Founded in 1902, Hygel has developed into one of the largest clinical diagnostics providers in North Rhine-Westphalia, the most populous federal state in Germany, with access to over 900 physicians, 120 hospitals and around 20 local health authorities. As a reference clinical laboratory, Hygel serves more than 50% of the healthcare industry in the Northern Ruhr area and Iserlohn region, with multiple accreditations from both private and public health authorities and agencies. The company employs 370 staff across its 3 main sites as well as in laboratories that it operates for 4 local hospitals, and generated revenues in excess of € 35m in 2016.

Related: diagnostic

Is general: Yes