Eurofins Scientific announced the acquisition of an 81% majority stake in Agrisearch Services, and its wholly owned subsidiaries Agrisearch Analytical and Agrivet Services. Agrisearch is a private contract agricultural and biological research organization in Australia and New Zealand. Found ... more
Eurofins signs agreement to acquire Lancaster Laboratories, Inc.
28-02-2011: Eurofins Scientific SE has signed a definitive agreement to acquire Lancaster Laboratories, Inc. from Thermo Fisher Scientific, Inc. for approximately US$200m, subject to post-closing adjustments.
With approximately 1,100 employees in the USA and Ireland, Lancaster is a leading provider of pharmaceutical product testing services and cGMP Quality Control (QC) in North America. In addition, it operates one of the leading environmental testing laboratories in the USA.
With this bolt on acquisition, the Eurofins Group becomes the global leader in this very stable and recurring business and significantly enlarges its North American footprint. It is a further expression of Eurofins’ commitment to serve the pharmaceutical and biotechnology industries with laboratory services of the highest quality and reliability.
Completion of the transaction is expected in the next 2-3 months and is subject to applicable regulatory approvals and customary closing conditions. Implied EV/EBITDA multiple is in-line with levels previously communicated for transactions of this size and Eurofins’ value-creation objectives. Given that Lancaster is already a single-site laboratory in the USA, no site consolidations or restructuring costs are foreseen as a result of this acquisition. Based on Lancaster’s historic profitability and budget for 2011, the transaction should be immediately margin and EPS accretive for Eurofins.
Eurofins MWG Operon has launched a new prepaid solution for premixed samples in tubes: SmartSeq Kit. Pooling together purified DNA with the appropriate sequencing primer before sending samples off is a common practice by researchers worldwide. The problem that most researchers face is secur ... more
Eurofins Scientific announced that it has acquired New Zealand Laboratory Services (NZ Labs). NZ Labs generated revenues of over EUR 5m in 2011 and employs around 100 staff across 3 strategically-located laboratories spanning the whole of New Zealand. The domestic food testing market serves ... more
Eurofins Scientific SE announced the successful closing of the transaction to acquire 100% of Lancaster Laboratories, Inc. (Lancaster, PA, USA), following thorough review and consequent approval from all relevant regulatory bodies. Eurofins signed an agreement to acquire Lancaster from Ther ... more
Eurofins Scientific SE has signed a definitive agreement to acquire Lancaster Laboratories, Inc. from Thermo Fisher Scientific, Inc. for approximately US$200m, subject to post-closing adjustments. With approximately 1,100 employees in the USA and Ireland, Lancaster is a leading provider ... more
Thermo Fisher Scientific has developed an ion chromatography(IC)-based method for the accurate determination of ammonia in tobacco smoke. Ammonia is on the U.S. Food and Drug Administration’s (FDA) list of toxic compounds in tobacco smoke. Application Note 1054: Determination of Ammonia in ... more
Thermo Fisher Scientific and Life Technologies Corporation have signed a definitive agreement under which Thermo Fisher will acquire Life Technologies for $76.00 in cash per fully diluted common share, or approximately $13.6 billion, plus the assumption of net debt at close ($2.2 billion as ... more
Thermo Fisher Scientific announced an enhanced method to separate anthocyanins in cranberry and bilberry extracts with increased speed and reduced solvent consumption per analysis as compared to a previously developed method. Application Note (AN) 1042: Rapid Separation of Anthocyanins in C ... more
Developed for flexibility, modularity, and ease-of-use, the Dionex ICS-5000+ HPIC system combines highest chromatographic resolution with convenience more
“Instant Connect“ injectors and detectors for the performance you need and the productivity you want more
The new Chromeleon 7.2 CDS release is the first CDS that combines separation (GC/IC/LC) and Mass Spectrometry (MS) in an enterprise environment more
Organizations have made significant investments in enterprise and laboratory tools, technologies and solutions to help improve productivity, better manage data/information and optimize their business processes. However, the reality is that most companies have not reaped the return on inves ... more
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of nearly $13 billion, we have approximately 39,000 employees and serve customers within pharmaceutical and ... more
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of $12 billion, we have approximately 39,000 employees and serve customers within pharmaceutical and biotech ... more
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