Eurofins to Acquire Exova’s Testing Labs in UK, Ireland
Eurofins Scientific--a firm that conducts bioanalytical testing--announced last week that it has signed an agreement to acquire Exova's food, water and pharmaceutical testing business in the UK and Ireland, comprising ten laboratories. The transaction is expected to be completed in July, upon fulfilment of customary closing conditions.
Collectively, the ten laboratories employ more than 300 staff and are expected to generate revenues in excess of $20 million (EUR) in 2016. Of the ten laboratories, three are for food testing, five for water testing, and two for pharmaceutical products testing.