Eurofins acquires BioDiagnostics

Eurofins Scientific (EUFI.PA), the global leader in analytical support to the global agri-food and feed market, announces the acquisition of BioDiagnostics Inc. (BDI), one of the leading seed and plant-tissue testing laboratories serving the agricultural industry in the US.

Founded in 1996, BDI employs 120 staff at its laboratory in River Falls, WI. BDI offers genetic, seed quality, as well as analytical chemistry testing services to the seed and plant industries. The company has developed a strong competence in DNA analysis of field crops, especially for corn and soybeans. BDI's competencies complement and build onto the recognized capabilities that Eurofins provides to the seed and agricultural industry, and enhances the Group's ability to provide the broadest range of analytical services, including the latest innovations in genomics technologies for seed and crop breeding, to support the agri-food and feed market.

The addition of BDI into Eurofins' growing footprint in food and agricultural testing in the US demonstrates the Group's commitment in the domestic market. BDI's capabilities, as well as its geographical market, perfectly complement Eurofins' existing footprint. In return, BDI will gain access to the latest technologies in genetic testing and other analytical methods, as well as all of the Group's technical know-how.

Comment from Quentin Schultz, President BDI: "We are excited to become a part of the Eurofins group. We share the same values and the same commitment to providing the highest quality of analytical services. Our clients can continue to expect the same quality of service that they have come to associate with BDI, and should benefit from the broader range of capabilities that we will be able to offer as part of an international laboratory network."

Comment from Dr. Gilles Martin, Eurofins CEO: "We are pleased to welcome BDI to the Eurofins Group. BDI is an excellent strategic fit to Eurofins' footprint in the seed and plant testing market, and we look forward to further strengthening their market position by offering the full range of capabilities of the Eurofins Group".