Friday, December 22, 2017
Eurofins Scientific, a global leader in bioanalytical testing, announces that it has acquired Pasteur Group (“Pasteur”), a leading player in clinical diagnostics in greater area of Santos, Sao Paulo state.
Pasteur is located in the seaside of Sao Paulo state, where the largest port in Brazil and several important industries are located. As the leading clinical diagnostics testing group in the seaside of Sao Paulo, Pasteur expects to generate revenues in excess of BRL 25m in 2017. The company employs 190 staff.
Pasteur provides Eurofins an entry into the dynamic and growing clinical diagnostics market in the most populous Latin American country. This represents a new business line for Eurofins in Latin America, and provides a platform with significant organic and inorganic growth potential.
Comment from Dr. Gilles Martin, Eurofins CEO: “We are extremely pleased to welcome Pasteur to the Eurofins Group. Pasteur strengthens Eurofins’ offer and footprint in the attractive clinical diagnostics testing market in Latin America. In return, Pasteur will gain access to the full range of services, companies and knowledge of the Eurofins Group, which should strengthen their analytical portfolio for the benefit of the patients and medical practitioners it serves. This transaction is another demonstration of Eurofins’ commitment to expand its global network of analytical services laboratories across all geographical regions where it anticipates significant growth.”
