Eurofins has grown its Asia Pacific presence with a deal for an agricultural and food analysis firm.
Eurofins Scientific will acquire an 81% majority stake in Agrisearch Services, and its wholly owned subsidiaries Agrisearch Analytical and Agrivet Services.
Agrisearch Services generated revenues in excess of AUS$10m in 2012 and employs 80 staff at three facilities and 12 satellite laboratories in Australia and New Zealand.
Agrisearch is a regional industry reference for agricultural and food analyses, and is the contract research organization (CRO) able to conduct residue studies according to the OECD Principles of Good Laboratory Practice (GLP).
Gilles Martin, Eurofins CEO, said: “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.”