M&A Deal Summary

Eurofins Scientific Acquires Exova Group - Environmental East Business

On December 5, 2016, Eurofins Scientific acquired test/measurement equipment company Exova Group - Environmental East Business from Exova Group for 13M CAD

Acquisition Highlights
  • This is Eurofins Scientific’s 3rd transaction in the Test/Measurement Equipment sector.
  • This is Eurofins Scientific’s 11th largest (disclosed) transaction.
  • This is Eurofins Scientific’s 2nd transaction in Canada.
  • This is Eurofins Scientific’s 1st transaction in Alberta.

M&A Deal Summary

Date 2016-12-05
Target Exova Group - Environmental East Business
Sector Test/Measurement Equipment
Buyer(s) Eurofins Scientific
Sellers(s) Exova Group
Deal Type Divestiture
Deal Value 13M CAD

Target

Exova Group - Environmental East Business

Edmonton, Alberta, Canada
Exova Group - Environmental East Business consists of a portfolio of five well-established, accredited laboratories and two depots across the Eastern provinces of Ontario and Quebec. These provide testing services across a wide range of activities including drinking and waste water analysis, soil testing, ambient air quality testing, asbestos testing, eco-toxicity testing and stack sampling.

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Buyer(S) 1

Buyer

Eurofins Scientific

Luxembourg, Luxembourg

Category Company
Founded 1987
Sector Life Science
Employees62,000
Revenue 6.5B EUR (2023)
DESCRIPTION

Eurofins Scientific is an international group of laboratories providing a unique range of analytical testing services to the pharmaceutical, food, environmental and consumer products industries and to governments. Eurofins Scientific was incorporated in 1987 and is based in Luxembourg City.


DEAL STATS #
Overall 48 of 98
Sector (Test/Measurement Equipment) 3 of 11
Type (Divestiture) 13 of 20
State (Alberta) 1 of 1
Country (Canada) 2 of 4
Year (2016) 9 of 10
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Megalab SA

Madrid, Spain

Megalab SA is an owns and operates 83 sites, of which 35 are located in private hospitals. It provides a broad range of diagnostic testing services including immunology, molecular diagnostics and cytogenetics.

Buy €40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Villapharma Research SL

Murcia, Spain

Villapharma Research SL is a provider of an organic synthesis and medicinal chemistry services to global pharmaceutical and biotech companies for the discovery and optimization of potential new drug candidates.

Buy -

Seller(S) 1

SELLER

Exova Group

London, United Kingdom

Category Company
Founded 1965
Sector Engineering
Employees3,500
Revenue 329M GBP (2016)
DESCRIPTION

Exova Group Ltd. is a provider of technical and engineering services to the aerospace, energy, oil and gas, civil engineering, transportation, fire, pharmaceutical, environmental, food and consumer products industries. Exova’s services include quality control, product accreditation, and specification compliance mission critical to its customers.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Jones Environmental Laboratory

Flintshire, United Kingdom

Jones Environmental Laboratory Ltd. is an independent environmental laboratory business. Jones provides contaminated land analysis and a specialist in environmental forensics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Insight NDT

South Yorkshire, United Kingdom

Insight NDT Limited (Insight), a South Yorkshire-based non-destructive testing (NDT) and radiographic inspection business. Insight is at the forefront of the NDT market in the UK, providing its specialist services to the industrial sector since 1997. Insight’s reputation is built on consistently providing high quality, high capacity and fast turnaround radiographic inspection services for manufacturers of specialised castings and forgings within the industrials market, as well as providing testing for the nuclear, medical, rail and oil & gas sectors.

Buy -