Eurofins acquisitions in Spain and Brazil
Villapharma and ASL Análises Ambientais acquired
Eurofins Scientific announces the signing of an agreement to acquire Villapharma Research SL (“Villapharma”) in Spain. The transaction is expected to close in February 2017, upon fulfilment of customary closing conditions.
Villapharma provides organic synthesis and medicinal chemistry services to global pharmaceutical and biotech companies for the discovery and optimization of potential new drug candidates. Founded in 2003, Villapharma employs 86 staff at its laboratory in Murcia and runs a research outsourcing business model for its clients. The company expects to generate more than EUR 6m of revenues in 2016 with EBITDA margins compatible with Group objective.
Villapharma’s offering is complementary to Eurofins’ existing competencies as a leading provider of pharmaceutical discovery services, currently focused primarily on safety pharmacology, ADME and target pathways. The transaction therefore expands the Group’s services into a more comprehensive offering and further strengthens its service proposition for the pharma/biotech industry.
Comment from Dr. Gilles Martin, Eurofins CEO: “The addition of Villapharma adds another spectrum of new services that Eurofins can now offer to our clients. To benefit from the trend in the discovery pharmacology field for outsourcing to CROs, Eurofins is expanding its portfolio and footprint in this industry. This transaction is another demonstration of Eurofins’ commitment to provide the most comprehensive portfolio of laboratory services in the industry.”
Comment from Dr. José Manuel Villalgordo, Villapharma Research CEO: “With the integration of Villapharma into the large Eurofins group, the company expands its portfolio of services from hit finding to pre-clinical drug candidates.”
Eurofins Scientific also announces that it has acquired ASL Análises Ambientais (“ASL”).
ASL serves consulting and industrial companies across Brazil. The company employs about 150 staff and expects to generate revenues in excess of BRL 25m in 2016, with EBITDA margin already at Group objective.
As one of the first signatories of the United Nations Framework Convention on Climate Change (UNFCCC), Brazil has one of the broadest environmental legislations in the world, although enforcement has been sometimes less strong outside of São Paulo. Adoption of regulations by other states in the country should drive further growth in the market. The acquisition of ASL reinforces Eurofins’ leading domestic footprint to leverage its expertise in helping companies comply with existing, as well as future regulations.
Comment from Dr. Gilles Martin, Eurofins CEO: “ASL, together with Anatech, which we acquired in 2014, expands Eurofins’ footprint to become the largest environment testing service provider in Brazil. This transaction reinforces our local footprint and complements our leading position in the domestic food testing market. In return, ASL will have access to the Group’s entire portfolio of competencies, logistics and clients, which should allow it to further expand market share.”
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