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Eurofins Scientific. (3/19/14). "Press Release: Eurofins Strengthens Its Leadership in the European Agro and Food Testing Market with the Acquisition of the Agrofood and Non-food Testing Activities of Applus in Spain, China and Portugal (»Applus Agrofood

Region Region Spain (Espańa)
Organisation Organisation Eurofins Scientific SE (EUFI.PA)
  Group Eurofins (Group)
Products Product food analysis (food testing)
  Product 2 analytical services
Person Person Martin, Gilles G. (Eurofins 200701 CEO + founder)
     


Eurofins Scientific (EUFI.PA), the global leader in food and environmental testing services, announces the acquisition of Applus Agrofood Testing, a leading independent food and agro-environmental testing provider in Spain, from Applus Servicios Tecnológicos S.L.

Employing around 160 staff, Applus Agrofood Testing generates revenues of over EUR 10m. Over the last 20 years, it has developed into a leading food testing provider in Spain, with a high penetration of the largest consumer goods retailers in the domestic market. Applus Agrofood Testing is also a local reference laboratory in agro-environmental testing, with specific competence in pesticides testing. It operates 3 laboratory sites in Spain with 3 further satellite facilities in Spain, China and Portugal. In addition, it recently started developing consumer product testing activities in China to effectively service its European retailer customer base.

The acquisition allows Eurofins to expand its footprint and extend its current activities to a leading position in the Spanish food testing market. Applus Agrofood Testing's strong position within the retail industry in the domestic market provides the Group a solid platform to roll-out its services and capabilities to further increase penetration and market share. Furthermore, Applus Agrofood Testing should benefit from the broad range of competencies within Eurofins, and the transfer of know-how, that should further reinforce its leading position in the domestic market.

Comment from Dr Gilles Martin, Eurofins CEO: "Applus Agrofood Testing is an excellent strategic fit with Eurofins' expanding footprint in Spain, Portugal and China. It reinforces the Group's relationship with the Spanish retail industry and is entirely complimentary to our existing activities for food producers in the domestic market. We look forward to strengthening Applus Agrofood Testing's market position by offering the full range of services and capabilities of the Eurofins Group".


For more information, please visit www.eurofins.com or contact:

Eurofins Investor Relations
Phone: +32-2-766 1620
E-mail: ir@eurofins.com


Notes for the editor:

Eurofins - a global leader in bio-analysis

Eurofins Scientific is the world leader in food and pharmaceutical products testing. It is also number one in the world in the field of environmental laboratory services and one of the global market leaders in agroscience, genomics, discovery pharmacology and central laboratory services.

With about 15,000 staff in more than 190 laboratories across 36 countries, Eurofins offers a portfolio of over 100,000 reliable analytical methods for evaluating the safety, identity, composition, authenticity, origin and purity of biological substances and products. The Group provides its customers with high-quality services, accurate results in time and expert advice by its highly qualified staff.

Eurofins is committed to pursuing its dynamic growth strategy by expanding both its technology portfolio and its geographic reach. Through R&D and acquisitions, the Group draws on the latest developments in the field of biotechnology and analytical chemistry to offer its clients unique analytical solutions and the most comprehensive range of testing methods.

As one of the most innovative and quality oriented international players in its industry, Eurofins is ideally positioned to support its clients' increasingly stringent quality and safety standards and the expanding demands of regulatory authorities around the world.

The shares of Eurofins Scientific are listed on the NYSE Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP).


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 judgement of Eurofins Scientific' 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 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 guarantee can be made as to their validity.

   
Record changed: 2016-01-10

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