Type of information: Company acquisition
Acquired company: iLab, Biosphere and two specialty clinical testing laboratories (France)
Acquiring company: Eurofins Scientific (Luxembourg)
- • On May 9, 2017, Eurofins Scientific announced that it has acquired four clinical laboratories in France since the beginning of 2017, as part of the Group’s strategy to strengthen its footprint in clinical diagnostics to better serve the healthcare industry in the country.
Eurofins Scientific acquired iLab in Provence-Alpes-Côte d'Azur and Biosphere in Rhône-Alpes, consolidating the Group’s footprint in these regions. In addition, the Group has also acquired two groups of laboratories in Marseille and Martigues, both focused on specialty clinical testing. The 4 laboratories have combined annual revenues in excess of € 10 million.
The acquisitions are consistent with Eurofins’ strategy to strengthen its market position in the core regions of France, and to further develop as a national player with strong local footprint.