Eurofins Scientific announced that it has successfully raised EUR 500m in its second senior unsecured Euro bond public issuance. The bonds have a seven-year maturity (due 27 January 2022) and will bear an annual coupon of 2.25% (ACT/ACT). The issue was more than three times over-subscribed.
Eurofins intends to use the proceeds of the offering for general corporate purposes as part of its mid-term development plan with the objective to achieve revenues of EUR 2bn by 2017, as well as to secure its longer-term leading position in the markets where it is active. In addition, part of the proceeds is planned for balance sheet optimization to lengthen the average maturity of its debt whilst reducing its average cost of capital.
Comment from Dr. Gilles Martin, Eurofins CEO: “I am pleased with the strong success of our second public bond issuance, and the confidence that investors continue to put into Eurofins. Whilst we have decided to take advantage of the current favourable interest rates in the market, and secure and diversify long-term funding, we intend to maintain a strong balance sheet structure and our disciplined approach to acquisitions.”
Eurofins scientific acquires two North American companies
By acquiring EnvironeX Group Inc. in Canada and TestAmerica in the USA Eurofins expands its testing capabilities in the North American market. EnvironeX Group Inc. - bioanalytical testing in Canada Founded in 2005 by Marc Hamilton and supported by PCP since 2015, EnvironeX is a leading prov ... more
Eurofins closes acquisition of cosmetic testing lab in France
Eurofins Scientific announces that it has successfully closed the acquisition of Laboratoire Dermscan SAS (“Dermscan”), a leading provider of Cosmetic & Personal Care Products Testing services in Europe. Dermscan was founded in 1990 in Lyon as a family-owned business. After nearly three dec ... more
Eurofins inaugurates newly-upgraded and expanded food testing laboratory in China
Eurofins Scientific announces that it has opened a new food testing laboratory in Suzhou, China with a surface area of 3,900m2. This new laboratory, together with the laboratory opened in Qingdao last year, highlights Eurofins’ commitment to serving its clients in China and Asia Pacific wit ... more
With about US$ 800 million annual sales and more than 7000 employees over 150 sites in 29 countries, Eurofins Scientific is a leading international group of laboratories providing an unparalleled range of testing and support services to the pharmaceutical, food, environmental and consumer p ... more
Eurofins GfA Gesellschaft für Arbeitsplatz und Umweltanalytik mbH
The GfA was founded in 1985 and is today one of Europe’s leading institutes for environmental and food analyses as well as for emission and ambient air measurements, accidental release and workplace analyses. The GfA is one of the top 5 laboratories in the world and performed more than 7,00 ... more
Eurofins Scientific Services NV
Eurofins Scientific was founded in 1987 to market the SNIF-NMR technology, a patented analytical method used to verify the origin and purity of several types of food and beverages in cases where traditional testing methods would fail to detect a sophisticated fraud. Within a 20-year period, ... more
