18.12.2012 :: Niilo Santasalo :: <niilo.santasalosansec.fi
Eurofins reinforces leading footprint in Nordic Food and Feed testing market with the acquisition of Viljavuuspalvelu Oy
Eurofins Scientific (EUFI.PA), the global leader in food, environment and pharmaceutical products testing services has signed an agreement to acquire a 92.5% majority stake in Viljavuuspalvelu Oy, the leading provider of agro and feed testing services in Finland. The company also offers food and water testing services to a wide range of customers.
Viljavuuspalvelu Oy operates the largest single-site independent agro soil testing laboratory in Finland, and has achieved a solid reputation for excellence in service over the last 60 years. Eurofins is acquiring the majority stake from two of Viljavuuspalvelu Oy’s shareholders, Yara Suomi Oy, the daughter company of Yara International ASA, one of the world’s leading manufacturers of fertilizers, and Nordkalk Oy Ab, the leading producer of lime-stone based products in Northern Europe. As part of the transaction, Eurofins also signed commercial agreements with Yara and Nordkalk to expand business relationships with these important players in the agricultural and environmental sectors. The commercial agreements also facilitate a smooth transition with no disruption for Viljavuuspalvelu Oy’s customers.
Comment from Dr. Gilles Martin
, CEO of Eurofins Scientific: “The acquisition of Viljavuuspalvelu Oy expands our Food and Agro testing activities in Finland, and completes our leading footprint in the Nordic region. This is a reflection of our commitment to provide our customers with the widest range and highest quality of analytical service, by leveraging our regional and global scale. Furthermore, it provides us an opportunity to demonstrate our competence and capabilities, and potentially expand our relationship with reference clients in the sectors where we are active in.”
For more information, please visit http://www.eurofins.com or contact
Phone: +358 405 915 550
Eurofins Investor Relations
Phone: +32 2 766 7620
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 and central laboratory services.
With over 12,000 staff in more than 170 laboratories across 33 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).
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 data available to the Company as of the date of publication, but no guarantee can be made as to their validity.
SanSec Partners acted as the advisor to Eurofins Scientific in the transaction.