Eurofins Scientific pushes further into domestic market
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Eurofins Scientific pushes further into domestic market

Leading laboratory group Eurofins Scientific has been using acquisitions to grow market share worldwide for years. But it’s not averse to applying the same strategy to its domestic market in France. The company recently announced that it has acquired Protec Group’s water and food testing businesses in France (“Protec Bio-testing”) – two laboratories “with a total surface area over 1,500 m2”.

Eurofins share price has risen by 15% over the past 12 months

graph 1704 eurofins


SOURCE: Yahoo Finance

This acquisition marks the company’s first food testing lab in South West France, and will reinforce its leadership in food testing across the country. It will provide a “one-stop shop” platform for clients in the region, according to a company press release. Meanwhile, the other laboratory, in South East France, will offer a broad scope of microbiology and chemistry water testing services in the region, further bolstering Eurofins’ market leadership.

Eurofins’ CEO Dr. Gilles Martin made the following comment over the acquisition:

“We are extremely pleased to welcome Protec Bio-testing to the Eurofins Group. Protec Bio-testing strengthens Eurofins’ footprint in the food and water testing markets in France. In return, Protec Bio-testing’s clients will gain access to the full range of services, companies and knowledge of the Eurofins Group. This transaction is another demonstration of Eurofins’ commitment to expand its state-of-the-art network of food and water testing laboratories”.


Dominion holds Eurofins Scientific in its Global Trends Managed Fund.

If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.