Eurofins reinforces its agroscience contract research services by acquiring SGS’ Crop Science operations

Eurofins reinforces its agroscience contract research services by acquiring SGS’ Crop Science operations

18 December 2023 - News

Eurofins Scientific (EUFI.PA), a global leader in agroscience contract research services, announces the signing of an agreement to acquire the operations of SGS Crop Science in 14 countries. The business generated revenues of approximately CHF 46m in 2022. The transaction is subject to consultation with SGS Crop Science’s local stakeholders as required by the local jurisdictions and is expected to close in the coming months.

Consisting of more than 480 employees and locations in Europe, North America, South Africa and Brazil, SGS Crop Science is composed of activities in Agroscience Contract Research, Agricultural Input Testing and Precision Farming & Agronomy services. Its addition complements Eurofins’ Agroscience Services and Agro Testing businesses and its vision to be a global, high-quality and ‘one-stop’ provider of services to screen and develop, register and steward new and existing seeds and agrochemicals for its clients in the agrosciences and agro testing industries as well as supporting industrial chemicals clients with data generation for REACH filings and farmers, agronomist or sample-taking companies with value-added (soil) testing.

Comment from Dr Gilles Martin, Eurofins CEO: “We are very pleased to welcome SGS Crop Science’s teams to Eurofins. The acquisition further reinforces Eurofins’ service offering in agroscience contract research services and agro testing as well as its commitment to providing the best possible standard of scientific and regulatory support to its clients.

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About Eurofins – the global leader in bio-analysis Eurofins is Testing for Life

Eurofins is a global leader in food, environment, pharmaceutical and cosmetic product testing, and in discovery pharmacology, forensics, advanced material sciences and agroscience Contract Research services. Eurofins is also a market leader in certain testing and laboratory services for genomics, and in the support of clinical studies, as well as in BioPharma Contract Development and Manufacturing. The Group also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.

With over 61,000 staff across a decentralised and entrepreneurial network of 900 laboratories in 61 countries, Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of a wide range of products, as well as providing innovative clinical diagnostic testing services and in-vitro diagnostic products.

The Group’s objective is to provide its customers with high-quality services, innovative solutions and accurate results on time. Eurofins is ideally positioned to support its clients’ increasingly stringent quality and safety standards and the increasing demands of regulatory authorities as well as the requirements of healthcare practitioners around the world.

In 2020 and 2021, Eurofins reacted quickly to meet the global challenge of COVID-19, by creating the capacity to help over 20 million patients monthly who may have been impacted by the pandemic with our testing products and our services and directly supporting healthcare professionals working on the front line to fight the virus. The Group has established widespread PCR testing capabilities and has carried out over 40 million tests in its own laboratories, is supporting the development of a number of vaccines and has established its SAFER@WORK™ testing, monitoring and consulting programmes to help ensure safer environments, travel and events during COVID-19.

Eurofins has grown very strongly since its inception and its strategy is to continue expanding 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.

Shares in Eurofins Scientific are listed on the Euronext Paris Stock Exchange (ISIN FR0014000MR3, Reuters EUFI.PA, Bloomberg ERF FP).

Until it has been lawfully made public widely by Eurofins through approved distribution channels, this document contains inside information for the purpose of Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as amended.

Important disclaimer

This press release contains forward-looking statements and estimates that involve risks and uncertainties. The forward-looking statements and estimates contained herein represent the judgment of Eurofins Scientific’s 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 information available to the Company’s management as of the date of publication, but no guarantees can be made as to their completeness or validity.