Eurofins strengthens its European environmental testing market leadership with the acquisition of Omegam in The Netherlands
Eurofins Scientific (EUFI.PA), the world leader in analytical testing support to the global environmental sector, announces the acquisition of Omegam Laboratoria BV (Omegam), one of the leading independent laboratories in The Netherlands for environmental and water testing.
With a large, modern laboratory strategically located close to Schiphol Airport, Omegam employs more than 100 staff and generates over EUR 10m in revenues. Formerly Amsterdam's water quality control board, Omegam has built more than 30 years of expertise in the analysis of trace level components in water and soil. It is the local private market leader in specialized fields of water testing, in particular, the analyses of pesticides, hormones and drug residues.
The acquisition reinforces Eurofins' leadership in the environmental testing market in the Benelux, and strengthens the Group's service offering to cover the full spectrum of water analysis, specifically in helping clients comply with the EU Water Framework Directive1, a current industry priority ahead of the 2015 deadline for progress report. Furthermore, it strengthens the Group's platform as the only privately-owned laboratory in the domestic water testing market, currently still dominated by public laboratories as well as in-house laboratories of drinking water companies.
Comment from Dr. Gilles Martin, Eurofins CEO: "This acquisition reflects Eurofins' strategy of consolidating the markets where we are active in, and ensuring that we have the depth and breadth of competencies required to provide the best service to our clients. We are looking forward to leveraging our strengthened position in the environmental and water testing market in The Netherlands with the addition of Omegam into our network."
1 For details regarding the EU Water Framework Directive, please refer to
http://ec.europa.eu/environment/pubs/pdf/factsheets/water-framework-directive.pdf
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.