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|Articles|January 17, 2017
- The Column-01-17-2017
- Volume 13
- Issue 1
Eurofin Announces Exova Purchase
Author(s)Lewis Botcherby
Eurofins Scientific has announced the purchase of Exova’s environment testing business located in Eastern Canada in a deal estimated to be worth $13 million CAD.
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Eurofins Scientific has announced the purchase of Exova’s environment testing business located in Eastern Canada in a deal estimated to be worth $13 million CAD. The purchase represents an expansion of Canadian investment following on from Eurofins’s earlier purchase of Experchem, a laboratory focused on nutraceuticals testing, in May 2015.
Consisting of around 160 employees and five laboratories across Quebec and Ontario, Exova’s laboratories serve large industrial companies, local authorities, and consultants and offer a range of analytical services and distribution channels throughout Eastern Canada.
“The five Exova laboratories in Quebec and Ontario that just joined our Group represent a good strategic fit for Eurofins as they accelerate the deployment of our environment testing capabilities in Canada,” said Gilles Martin, Eurofins CEO.
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