Eurofins Scientific has signed an agreement to acquire a 52.6% majority stake in Nihon Kankyo K.K. (Nihon Environmental Services, on 31 March 2012. The transaction is expected to be completed this week.
Nihon Kankyo K.K. was founded almost 40 years ago and is based in the greater Tokyo area. It generated revenues of over EUR 20m in 2011 and employs around 250 employees across 2 large laboratories and in several satellite offices serving the entire domestic Japanese market.
The acquisition allows Eurofins to complete its service offering in Japan and complements its existing activities in food and pharmaceutical testing, as Nihon has started developing testing offering for food and other products. Furthermore Nihon is one of the few environmental testing service providers with Radio Active Material Analysis (RMA) capabilities in Japan, complementing Eurofins' state-of-the-art high throughput laboratory for RMA for food and water in Tokyo and its global network of RMA laboratories in China, France and Germany.
“Nihon Kankyo K.K. is an excellent strategic fit to Eurofins’ existing activities in Japan, and provides a solid entry into the established domestic environmental testing market. Furthermore, it significantly reinforces the Group’s growing presence in the Asia Pacific region”, says Dr. Gilles Martin, CEO of Eurofins Scientific.