Eurofins Scientific, a global food and pharmaceutical product testing services provider, has acquired an 81% stake in Agrisearch Services and its wholly-owned subsidiaries Agrisearch Analytical and Agrivet Services, for an undisclosed amount.
Agrisearch, established in 1970, is a private contract agricultural and biological research organization in Australia and New Zealand with three main facilities and 12 satellite laboratories. The company offers a one-stop-shop solution for agricultural analyses from the glasshouse and field trials to regulatory support and eventual commercialization.
The latest development, which comes after Eurofins' recent acquisition of mgt-LabMark in Australia and NZLabs and ELS in New Zealand, further strengthens the company's Pacific presence in the region.
The deal provides Agrisearch with access to complete range of Eurofins' portfolio of technological expertise and services, while customers will benefit from the combined competencies and capabilities of the group.
Eurofins CEO Gilles Martin said the acquisition of Agrisearch should allow Eurofins to accelerate its build-up in Asia-Pacific, and reflects the company's commitment to further strengthen its footprint in the region and global Agroscience services offering.
"Agrisearch is an excellent strategic fit to Eurofins' growing operations and we look forward to further strengthening their market position by offering the full range of capabilities of the Eurofins Group," Martin added.
Eurofins Agroscience Services offers a wide range of services, including global field studies and physico-chemical property testing and employs 650 people across 20 countries worldwide.
