Eurofins consolidates market position with BLGG deal
The deal for BLGG Groep BV (BLGG) will enable the firm to grow its market share and add more existing services to customers.
Eurofins said it couldn't comment on the price of the deal due to confidentiality agreements.
BLGG is an agribusiness testing service provider in The Netherlands which generates annual revenues in excess of €25m.
The firm provides testing, sampling and consultancy services, helping agricultural entrepreneurs to improve production quality assurance and efficiency.
Per year the laboratory processes more than 500,000 samples and serves 100,000 customers, mainly arable farmers, market gardeners, greenhouse horticulturists, cattle farmers, and their suppliers.
BLGG lab services
BLGG employs more than 250 employees and operates a main laboratory in Wageningen, the Netherlands, but also offers sampling, testing and advisory services in Belgium, Denmark, Germany, Kenya, Morocco, Russia; Spain and Sweden.
In the Netherlands and in Spain, BLGG operates pesticide residue laboratories.
BLGG will give the group a stronger opportunity to accelerate the roll-out of its agricultural testing competence internationally, said Eurofins.
The acquisition provides BLGG access to a broader portfolio of agricultural and food testing services to strengthen its position as a full agribusiness testing service provider in its markets.
Fruit and veg testing growth
Additionally, the BLGG pesticide residue laboratory in Almeria, Spain, but also the laboratory in Wageningen will strengthen the Eurofins footprint in the segment of testing fresh fruits and vegetables in the region of origin.
Dr Gilles Martin, Eurofins CEO: “The addition of BLGG into its agricultural testing business reinforces Eurofins' position as leading testing provider to the Agro and Feed industries, expands Eurofins' service offerings and complements our position in the early stages of the food producing industry.
“BLGG is also an excellent strategic fit with Eurofins’ existing activities in and around The Netherlands.”
