Eurofins Reinforces Its Market Leadership In Testing, Inspection And Certification With The Acquisition Of Two Subsidiaries Of The VTT Group In Finland

Eurofins Scientific (EUFI.PA), a global leader in bioanalytical testing, announces that it has acquired VTT Expert Services Ltd. (“VTT ES”) and Labtium Ltd. (“Labtium”), two wholly owned subsidiaries of VTT Technical Research Centre of Finland Ltd. (“VTT Group”). These subsidiaries cover all of VTT’s testing, inspection and certification (TIC) operations.

VTT ES offers its clients versatile expert services including calibration services, certification services, structural safety testing, building material testing, electronics testing, fire safety testing and product failure and safety testing. VTT ES has accreditations covering over 1,300 standards. Labtium offers advanced analytical services including environment testing, geochemistry, fuel and combustion chemistry, pulp mill chemistry, mineral processing services and material and products testing. The two companies operate 16 facilities in Finland with a total size of over 17,000 m2. In 2017, they generated annual revenues in excess of EUR 27m.

The acquisition of VTT ES will complement Eurofins existing product testing services portfolio and the acquisition of Labtium will strengthen Eurofins global leadership in environment testing. Both acquisitions reinforce the Group’s presence in the Finnish market which was established last year with the acquisitions of Nab Labs, Ramboll Labs and Ahma.

Comment from Dr. Gilles Martin, Eurofins CEO: “We are very pleased to welcome VTT ES and Labtium to the Eurofins Group. These acquisitions will significantly expand Eurofins’ existing portfolio of competencies in the product testing market, environment testing market and materials and engineering sciences market. In return, VTT ES and Labtium will gain access to the Group’s entire portfolio of competencies, logistics and clients. This transaction is another demonstration of Eurofins’ commitment to expand its state-of-the-art portfolio of analytical services for the benefit of its clients.”

For more information, please visit www.eurofins.com.