Eurofins Agrees to Acquire SYNLAB’s Clinical Diagnostics Operations in Spain
28 Oktober 2024 - 7:15AM
Business Wire
Regulatory News:
Eurofins (Paris:ERF):
Eurofins Scientific (EUFI.PA), a global scientific leader in
bioanalytical testing, with a rapidly developing presence in highly
specialised and molecular clinical diagnostics testing and in-vitro
diagnostic products, has reached an agreement with SYNLAB to
acquire its clinical diagnostics operations in Spain. The
transaction is subject to customary conditions, including
regulatory approvals, and is expected to close in 2025.
SYNLAB’s clinical diagnostics operations in Spain provide
clinical diagnostics testing, including genetics and anatomical
pathology services, throughout the country, achieving revenues of
approximately €140m in 2023. The Eurofins network’s clinical
diagnostics operations in Spain are led by Eurofins Megalab, a
specialist in all types of clinical diagnostics testing and in
managing intra-hospital laboratories in Spain.
Upon completion of the transaction, Eurofins will become a
leading clinical diagnostics operator in Spain with a significant
presence and capacity to provide services to public and private
clients and cover all regions in the country. The combined company
will have a highly specialised workforce of more than 2,000
employees and a best-in-class portfolio of clinical diagnostic
laboratory tests, capable of providing high-quality services based
on the latest technology and scientific medical advances. In
addition, healthcare consumers in Spain will have access to an
extensive network of laboratories and blood collection points with
the capacity to serve more than 10 million patients and process 100
million laboratory tests annually.
Comment from Dr Gilles Martin, Eurofins CEO: “This acquisition
confirms Eurofins’ commitment to providing the best clinical
diagnostic testing services to the Spanish market. It is our aim to
always be the most trusted and technologically advanced partner of
choice for our clients, providing high quality and accessible
testing services to both the private and public sector, including
regional healthcare services, private hospital groups and insurance
companies.”
About Eurofins – the global leader in bio-analysis
Eurofins is Testing for Life. The Eurofins Scientific S.E.
network of independent companies believes that it is a global
leader in food, environment, pharmaceutical and cosmetic product
testing and in discovery pharmacology, forensics, advanced material
sciences and agroscience contract research services. It is also one
of the market leaders in certain testing and laboratory services
for genomics, and in the support of clinical studies, as well as in
biopharma contract development and manufacturing. It also has a
rapidly developing presence in highly specialised and molecular
clinical diagnostic testing and in-vitro diagnostic products.
With ca. 62,000 staff across a decentralised and entrepreneurial
network of more than 900 laboratories in over 1,000 companies in 62
countries, Eurofins offers a portfolio of over 200,000 analytical
methods to evaluate the safety, identity, composition,
authenticity, origin, traceability and purity of a wide range of
products, as well as providing innovative clinical diagnostic
testing services and in-vitro diagnostic products.
Eurofins companies’ broad range of services are important for
the health and safety of people and our planet. The ongoing
investment to become fully digital and maintain the best network of
state-of-the-art laboratories and equipment supports our objective
to provide our customers with high-quality services, innovative
solutions and accurate results in the best possible turnaround time
(TAT). Eurofins companies are well positioned to support clients’
increasingly stringent quality and safety standards and the
increasing demands of regulatory authorities as well as the
evolving requirements of healthcare practitioners around the
world.
The Eurofins network has grown very strongly since its inception
and its strategy is to continue expanding its technology portfolio
and its geographic reach. Through R&D and acquisitions, its
companies draw on the latest developments in the field of
biotechnology and analytical chemistry to offer their clients
unique analytical solutions.
Shares in Eurofins Scientific S.E. are listed on the Euronext
Paris Stock Exchange (ISIN FR0014000MR3, Reuters EUFI.PA, Bloomberg
ERF FP).
Until it has been lawfully made public widely by Eurofins
Scientific S.E. through approved distribution channels, this
document contains inside information for the purpose of Regulation
(EU) 596/2014 of the European Parliament and of the Council of 16
April 2014 on market abuse, as amended.
Important disclaimer:
This press release contains forward-looking statements and
estimates that involve risks and uncertainties. The forward-looking
statements and estimates contained herein represent the judgment of
Eurofins Scientific S.E.’s management as of the date of this
release. These forward-looking statements are not guarantees for
future performance, and the forward-looking events discussed in
this release may not occur. Eurofins Scientific S.E. disclaims any
intent or obligation to update any of these forward-looking
statements and estimates. All statements and estimates are made
based on the information available to the Company’s management as
of the date of publication, but no guarantees can be made as to
their completeness or validity.
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version on businesswire.com: https://www.businesswire.com/news/home/20241027943569/en/
Notes to Editors:
For more information, please visit www.eurofins.com or
contact:
Investor Relations Eurofins Scientific SE Phone: +32 2 766 1620
E-mail: ir@sc.eurofinseu.com
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