Eurofins continues Asia Pacific build-up with the acquisition of Agrisearch Group in Australia and New Zealand
Eurofins Scientific announced the acquisition of an 81% majority stake in Agrisearch Services, and its wholly owned subsidiaries Agrisearch Analytical and Agrivet Services.
Agrisearch is a private contract agricultural and biological research organization in Australia and New Zealand. Founded in 1970, Agrisearch Services generated revenues in excess of AUD 10m in 2012, and employs 80 staff at 3 main facilities and 12 satellite laboratories strategically located across Australia and New Zealand. Agrisearch is a regional industry reference for agricultural and food analyses, and is the principal contract research organization (CRO) in the region able to conduct residue studies according to the OECD Principles of Good Laboratory Practice (GLP). It is also a leading analytical laboratory involved in pesticide analysis in food and animal tissues with studies conducted according to ISO 17025.
Comment from Gilles Martin, Eurofins CEO: “The acquisition of Agrisearch should allow Eurofins to accelerate its build-up in Asia Pacific, and reflects our commitment to further strengthen our footprint in the region and our global Agroscience services offering. Agrisearch is an excellent strategic fit to Eurofins’ growing operations and we look forward to further strengthening their market position by offering the full range of capabilities of the Eurofins Group.”
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