Eurofins Scientific

Last updated
Eurofins Scientific SE
Company type Public ( Societas Europaea )
IndustryTesting and Laboratory analysis
Founded1987;37 years ago (1987) [1]
Founder Gilles Martin [1]
Headquarters Luxembourg City, Luxembourg
Key people
Gilles Martin
(chairman & CEO)
Revenue €6.515 billion (2023) [2]
529,900,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
310,200,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
Number of employees
62,000 (2023) [3]
Website www.eurofins.com

Eurofins Scientific SE is a French group of laboratories headquartered in Luxembourg, providing testing and support services to the pharmaceutical, food, environmental, agriscience and consumer products industries [1] [4] and to governments.

Contents

Eurofins Group has an international network of over 900 laboratories in 62 countries and a portfolio of over 200,000 validated analytical methods for characterising the safety, identity, purity, composition, authenticity and origin of products and biological substances. [5] Eurofins also provides clinical diagnostic testing services and in-vitro diagnostic products.

History

Eurofins Scientific was founded in 1987 with 4 employees. Eurofins derived the "fins" of its name from the French version of SNIF-NMR: Fractionnement Isotopique Naturel Spécifique par Résonance Magnétique Nucléaire or FINS-RMN. During this start up period (1987 to 1997), the SNIF-NMR patent was registered. [6]

From 1997, Eurofins' strategy was to acquire state-of-the-art laboratories with unique technologies, scientific expertise and potential for global growth. As Eurofins' revenues reached €7 million, its IPO on the Paris Stock Exchange helped fund the organisation's rapid geographic expansion. The network expanded to eight new countries and grew to include over 50 laboratory sites. Leading positions were built up in core markets (Food Testing, BioPharma Product Testing and Environment Testing) and key segments such as genomics and contaminant testing. [7] [8] [9] [10] [11] [12] [13] [14] [15]

In 2001, Eurofins developed Eurofins TAG, a system that uses genetic markers to trace meat products to individual animals to ensure consumer products are free of BSE. [16]

From 2002, Eurofins started developing its infrastructure. It structured its laboratories as independent, entrepreneur-led companies, which eventually achieved global leadership positions in several key areas. [17]

Eurofins completed close to 60 acquisitions in 2017 and close to 50 acquisitions in 2018, and became a €4 billion company. [17]

In September 2021, Eurofins announced that Eurofins Scientific would be included in the CAC 40 Index. [18] [19]

Key developments

On 1 July 2014, Eurofins purchased Viracor-IBT Laboratories from Ampersand Capital Partners for $255 million. The company is now known as Eurofins Viracor. [20] [21]

In May 2015, Eurofins acquired QC Laboratories in the USA and Experchems in Canada as part of its North American expansion strategy. [22]

In June 2015, Eurofins announced the acquisition of Biomnis in France for €220 million. [23] In September 2017, Eurofins Scientific acquired EAG Laboratories (Evans Analytical Group), a scientific services company that serves technology and life-science-related industries. [24] On 5 March 2018, the Pennsylvania Department of Environmental Protection announced to collect a $600,000 penalty from Eurofins QC, LLC (Eurofins QC in Montgomery County, Pennsylvania) for falsifying whole effluent toxicity test (WETT) results. [25]

Eurofins purchased Nanolab Technologies Inc, a service laboratory for the Silicon Valley industry, on 2 August 2018. [26]

Eurofins acquired MET Labs on 11 January 2018, which enabled the network to have a Nationally Recognized Test Laboratory as established by OHSA. [27] At the end of 2018, a deal was finalized between Eurofins and the JSTI Group for the acquisition of TestAmerica Environmental Services, LLC, adding 24 laboratories and 40 service centers to the Eurofins environmental testing network. [28]

On 3 June 2019, Eurofins reported that some of its IT systems were infected with ransomware and many servers and systems were taken offline. [29] Eurofins paid the ransom after heavy disruption to their services. Court hearings were postponed as the forensics division was unable to take new samples. [30]

Eurofins acquired Japanese genetics analysis company GeneTech, a leader in the specialist field of non-invasive pre-natal testing in August 2020. [31]

In September 2020, Eurofins announced the acquisition of SunDream Group in Taiwan, which specialises in environmental analyses. The acquisition allowed Eurofins to become the leading player in the environmental analyst market in the country. [32]

In February 2021, Eurofins acquired Beacon Discovery, a California-based company specialising in drug research. The group focuses on “G protein coupled receptors,” a major class of proteins in human cells, on which many molecules can act. [33]

Eurofins announced the acquisition of the American DNA Diagnostics Centers (DDC), a group specializing in genetic testing, in June 2021. [34]

In September 2022, Eurofins launched Eurofins Sustainability Solutions. [35]

Product authentication

The company has developed an exclusive method of food analysis, testing and authentication that has thwarted the counterfeiting of food goods, and also cigars. [1] [36] The company's testing can also detect food contaminants. [1]

See also

Related Research Articles

<span class="mw-page-title-main">Agilent Technologies</span> American technology company

Agilent Technologies, Inc. is a global company headquartered in Santa Clara, California, that provides instruments, software, services, and consumables for laboratories. Agilent was established in 1999 as a spin-off from Hewlett-Packard. The resulting IPO of Agilent stock was the largest in the history of Silicon Valley at the time. From 1999 to 2014, the company produced optics, semiconductors, EDA software and test and measurement equipment for electronics; that division was spun off to form Keysight. Since then, the company has continued to expand into pharmaceutical, diagnostics & clinical, and academia & government (research) markets.

Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Green Oaks, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013.

<span class="mw-page-title-main">Labcorp Drug Development</span> Contract research organization

Labcorp Drug Development is a contract research organization headquartered in Burlington, North Carolina, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries. Formerly called Covance, the company is part of Labcorp, which employs more than 70,000 people worldwide.

Invitrogen is one of several brands under the Thermo Fisher Scientific corporation. The product line includes various subbrands of biotechnology products, such as machines and consumables for polymerase chain reaction, reverse transcription, cloning, culturing, stem cell production, cell therapy, regenerative medicine, immunotherapy, transfection, DNA/RNA purification, diagnostic tests, antibodies, and immunoassays.

<span class="mw-page-title-main">PerkinElmer</span> American corporation focused on life science research

PerkinElmer, Inc., previously styled Perkin-Elmer, is an American global corporation that was founded in 1937 and originally focused on precision optics. Over the years it went into and out of several different businesses via acquisitions and divestitures; these included defense products, semiconductors, computer systems, and others. By the 21st century, PerkinElmer was focused in the business areas of diagnostics, life science research, food, environmental and industrial testing. Its capabilities include detection, imaging, informatics, and service. It produced analytical instruments, genetic testing and diagnostic tools, medical imaging components, software, instruments, and consumables for multiple end markets. PerkinElmer was part of the S&P 500 Index and operated in 190 countries.

<span class="mw-page-title-main">Ecolab</span> American corporation

Ecolab Inc. is an American corporation headquartered in Saint Paul, Minnesota. It develops and offers services, technology and systems that specialize in treatment, purification, cleaning and hygiene of water in a wide variety of applications. It helps organizations, both in private as well as public markets, treat their water for drinking use and for use in food, healthcare, hospitality-related safety and industry. Founded as Economics Laboratory in 1923 by Merritt J. Osborn, it was eventually renamed "Ecolab" in 1986.

Sigma-Aldrich is an American chemical, life science, and biotechnology company owned by the multinational chemical conglomerate Merck Group.

bioMérieux

bioMérieux SA is a French multinational biotechnology company founded and headquartered in Marcy-l'Étoile, France, close to Lyon. bioMérieux is present in 44 countries and serves more than 160 countries through a large network of distributors.

<span class="mw-page-title-main">Bruker</span> American scientific instrument manufacturer

Bruker Corporation is an American manufacturer of scientific instruments for molecular and materials research, as well as for industrial and applied analysis. It is headquartered in Billerica, Massachusetts, and is the publicly traded parent company of Bruker Scientific Instruments and Bruker Energy & Supercon Technologies (BEST) divisions.

<span class="mw-page-title-main">Thermo Fisher Scientific</span> Provisioner of scientific consumables, equipment, and services

Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).

<span class="mw-page-title-main">Varian, Inc.</span> U.S. technology company

Varian, Inc. was one of the largest manufacturers of scientific instruments for the scientific industry. They had offerings over a broad range of chemical analysis equipment, with a particular focus on Information Rich Detection and Vacuum technology. Varian was spun off from Varian Associates in 1999 and was purchased by Agilent Technologies in May 2010 for $1.5 billion, or $52 per share.

Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. Labcorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered. As of 2018, Labcorp processes 2.5 million lab tests weekly.

<span class="mw-page-title-main">Bureau Veritas</span> French company

Bureau Veritas is a French company specialized in testing, inspection and certification founded in 1828. It operates in a variety of sectors, including building and infrastructure, agri-food and commodities, marine and offshore, industry, certification and consumer products.

<span class="mw-page-title-main">Tecan</span> Swiss laboratory instruments manufacturer

Tecan Group Ltd. is a Swiss company providing laboratory instruments and solutions in biopharmaceuticals, forensics, clinical diagnostics and medical technology for pharmaceutical and biotechnology companies, university research departments, diagnostic laboratories and clinics.

Viracor Eurofins Laboratories is a diagnostic laboratory specializing in infectious disease, immunology and allergy testing for immunocompromised and critical patients. Viracor Eurofins works with medical professionals, transplant teams, reference labs and bio-pharmaceutical companies.

Konstance K. Knox is an American virologist and entrepreneur who founded Coppe Laboratories, Viracor, the Wisconsin Viral Research Group (WVRG) and Viracor's Institute for Viral Pathogenesis (IVP). In 2000, Viracor became the first biotechnology company in the United States to correlate multiple sclerosis with human herpesvirus 6 (HHV-6).

DiaSorin is an Italian multinational biotechnology company that produces and markets in vitro diagnostics reagent kits used in immunodiagnostics and molecular diagnostics and since July 2021, it is also active in the Life Science business. The group was founded in 2000 and is headquartered in Saluggia, Italy. Its production is at several plants located in Europe and the United States: Saluggia and Gerenzano (Italy), Dietzenbach (Germany), Stillwater, Minnesota (US), Dartford (UK). Following the acquisition of Luminex, the company acquired five additional production plants located in the United States and in Canada (Toronto). The company is a constituent of the FTSE MIB index.

Isotopic analysis by nuclear magnetic resonance allows the user to quantify with great precision the differences of isotopic contents on each site of a molecule and thus to measure the specific natural isotope fractionation for each site of this molecule. The SNIF-NMR analytical method was developed to detect the (over) sugaring of wine and enrichment of grape musts, and is mainly used to check the authenticity of foodstuffs and to control the naturality of some aromatic molecules. The SNIF-NMR method has been adopted by the International Organisation of Vine and Wine (OIV) and the European Union as an official method for wine analysis. It is also an official method adopted by the Association Of Analytical Chemists (AOAC) for analysis of fruit juices, maple syrup, vanillin, and by the European Committee for Standardization (CEN) for vinegar.

Eurofins | BLC Leather Technology Centre or Eurofins | BLC is a testing, auditing and consulting business that specialises in chemicals, leather, footwear and other associated products and related materials, and is based in Northamptonshire.

Gilles Martin is a French engineer, scientist and billionaire. He is the founder and executive chairman of Eurofins Scientific.

References

  1. 1 2 3 4 5 (in French) Le réseau, botte secrète d'Eurofins, L'Usine nouvelle n° 2965, 26 May 2005
  2. ↑ https://cdnmedia.eurofins.com/corporate-eurofins/media/44308941/eurofins-scientific-2023-annual-report.pdf
  3. ↑ https://cdnmedia.eurofins.com/corporate-eurofins/media/44308941/eurofins-scientific-2023-annual-report.pdf.{{cite web}}: Missing or empty |title= (help)
  4. ↑ (in German) Eurofins. Der Testsieger. Warum der Labormulti von Skandalen in aller Welt und neuen EU-Verordnungen profitiert Archived 2018-06-22 at the Wayback Machine , Focus, 15 October 2008
  5. ↑ "Reports and Presentations" (PDF). 1 March 2023.
  6. ↑ Funding Universe. Eurofins Scientific S.A. History. Fundinguniverse.com. Retrieved 29 November 2021.
  7. ↑ Food navigator. EU traceability technology applied to meat industry. Foodnavigator.com. 23 May 2004. Retrieved 29 November 2021.
  8. ↑ Les Echos. Eurofins Scientific a renoué avec les bénéfices au cours du deuxième trimestre. LesEchos.fr. 29 August 2002. Retrieved 28 November 2021.
  9. ↑ Food navigator. Test determines presence of avian flu virus in foods. Foodnavigator.com. 13 December 2005. Retrieved 29 November 2021.
  10. ↑ Genetic Engineering and Biotechnology News. Eurofins Tackles Horsemeat Scandal. https://www.genengnews.com/. 13 February 2013. Retrieved 30 November 2021.
  11. ↑ "EUROFINS SCIENT. : Eurofins celebrates 25 years of laboratory excellence and 15 years of value creation since its IPO | MarketScreener". 8 November 2012.
  12. ↑ "Eurofins to Bolster Discovery Pharmacology with Villapharma Acquisition". 30 December 2016.
  13. ↑ "Eurofins to Acquire ViraCor-IBT Laboratories". 13 May 2014.
  14. ↑ "Eurofins Exceeds Its Recently-Upgraded 2017 Objectives on a Strong Growth Momentum and Raises Its Objectives for 2018". Bloomberg.com. 6 March 2018.
  15. ↑ "Eurofins to slow pace of M&A, expand in emerging markets". Reuters. 8 July 2019.
  16. ↑ "Testing for Traceability of Meat From Farm to Fork Down to Individual Animals". Eurofins Scientific.
  17. 1 2 "History of Eurofins Scientific". Eurofins Scientific.
  18. ↑ "Eurofins will be included in the CAC 40 Index from September 17". Eurofins Scientific.
  19. ↑ "Eurofins Will Be Included in the CAC 40 Index From September 17". Bloomberg. 10 September 2021. Retrieved 2023-03-20.
  20. ↑ Ampersand Capital Partners. "Ampersand Sells ViraCor-IBT To Eurofins For $255 Million". PR Newswire (Press release). Retrieved 8 November 2017.
  21. ↑ "eurofins-viracor.com". Eurofins Viracor. 20 February 2023. Retrieved 20 February 2023.
  22. ↑ Joe Whitworth (7 May 2015). "Eurofins acquired US and Canadian firms to push into Americas market". FoodQualityNews.com. Retrieved 8 May 2015.
  23. ↑ "Eurofins to acquire the Biomnis Group".
  24. ↑ "Eurofins Scientific to Acquire EAG Labs". pharmtech.com. PTSM: Pharmaceutical Technology Sourcing and Management-10-04-2017. 12 (10). 22 September 2017. Retrieved 28 September 2017.
  25. ↑ Pennsylvania Pressroom, Official News for Pennsylvania State Agencies. "DEP Sanctions Eurofins QC Lab for Water Testing Violations". www.media.pa.gov. Retrieved 12 March 2018.
  26. ↑ "Eurofins to expand new Materials and Engineering Science verticals with the acquisition of Nanolab Technologies, cementing presence in high-tech industries". Eurofins Scientific. Retrieved 8 August 2018.
  27. ↑ "MET Labs NRTL recognition". OHSA. Retrieved 1 March 2019.
  28. ↑ "Eurofins Acquires TestAmerica". ENVSTD. 4 December 2018. Retrieved 14 July 2020.
  29. ↑ "Eurofins Genomics live updates" . Retrieved 4 June 2019.
  30. ↑ Danny Shaw: Eurofins Scientific: Forensic services firm paid ransom after cyber-attack, BBC
  31. ↑ "French group Eurofins signs deal to buy Japanese company GeneTech". Reuters. 2020-08-07. Retrieved 2021-12-02.
  32. ↑ "Eurofins se renforce en Asie-Pacifique avec une acquisition à Taïwan". LEFIGARO (in French). 2020-09-04. Retrieved 2021-12-02.
  33. ↑ "Pharmacie: Eurofins rachète un spécialiste de la découverte de médicaments". LEFIGARO (in French). 2021-02-18. Retrieved 2021-12-02.
  34. ↑ "Eurofins va acquérir le spécialiste des tests génétiques DNA Diagnostic Centers". fr.advfn.com. Retrieved 2021-12-02.
  35. ↑ "Sustainability Solutions for your company". sustainabilityservices.eurofins.com. 27 February 2023.
  36. ↑ (in French) Eurofins trace son chemin en traquant les tricheurs, L'Usine nouvelle n° 2713, 9 December 1999
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.