Eurofins continues acquisition-led expansion with Brazilian ASL
Eurofins Scientific, an international group of laboratories that has its base in Switzerland, is a hungry company. Over the last few months it’s gobbled up smaller businesses in an impressive industry land-grab that positions it as the overwhelming market leader. The latest company to succumb to its wooing, Brazilian environment testing service ASL (Anàlises Ambientais) will see Eurofins deepen its exposure to South America and continue its five-year success story.
Eurofins’ share price has risen by a shocking 530% in five years!
SOURCE: Yahoo Finance
Eurofins CEO, Dr. Giles Martin, released a statement about the acquisition last week:
“ASL, together with Anatech, which we acquired in 2014, expands Eurofins’s 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.”
Brazil is a sensible market for the company to pursue: it has some of the broadest environmental legislation in the world, and was amongst the first signatories of the United Nations Framework Convention on Climate Change.
Being strong in Brazil will give Eurofins a more solid foundation of knowledge to sell its expertise in helping companies abide by environmental regulations, both currently in existence and those foreseen further down the line.
Dominion holds Eurofins Scientific in its Global Trends Managed Fund.
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