Eurofins Scientific--a provider of environment testing services--has announced that it has signed an agreement to acquire EAC Corporation Ltd. from Asahi Industries Co., Ltd. in Japan. As part of the acquisition, Asahi and Eurofins will enter into an exclusive supplier contract for a period of 3 years. The transaction is expected to close by the end of May.
EAC provides environment testing services nationwide, with a strong competence in water and dioxin testing, and is one of the leading laboratories in the Northern Kanto region of Japan. Established in 1972, EAC employs about 70 staff and generates revenues of about EUR 5m.