Eurofins Scientific has extended its presence in the expanding Asia Pacific region through the acquisition of New Zealand Laboratory Services (NZ Labs).
The acquisition represents Eurofins’ entry into the New Zealand domestic testing market, which primarily serves the country’s dairy and meat sectors.
NZ Labs, which is New Zealand’s second largest food testing laboratory, generated revenues of over €5m in 2011 and employs around 100 staff.
“NZ Labs is an excellent strategic fit with Eurofins’ growing Asia Pacific presence and provides a solid entry into the thriving food industry in that region. Specifically, it provides a strong regional platform for the Group’s capabilities in dairy and pesticides testing,” said Eurofins CEO Gilles Martin.
“We are looking forward to strengthening NZ Labs’ position in the market by offering the full range of services and capabilities of the Eurofins Group.”