Eurofins Scientific announced that it has signed an agreement to acquire a 65% majority stake in Sắc Ký Hải Đăng (EDC-HD), a private laboratory in Vietnam for the analyses of food and agricultural products, as well as for environmental testing. EDC-HD employs over 100 staff at its main facility in the country’s economic hub and largest city, Ho Chi Minh City (HCMC), and at its satellite lab in Cần Thơ, an important trading gateway on the Mekong River Delta, where 40% of agricultural and 60% of fisheries output are produced. The company also has plans to invest in a new facility in Vietnam’s leading technology park, the Saigon Hi-tech Park.
Established in 2008 as a merger between the HCMC Center of Education and Chromatography Development, and the Hai Dang Scientific Service, EDC-HD has developed a reputation for high quality analytical services at short turnaround times, with a strong focus on R&D and innovation, and has become the preferred independent analytical service provider for a vast majority of the country’s food producers and manufacturers.
Comment from Dr. Gilles Martin, Eurofins CEO: “EDC-HD provides Eurofins solid entry into the analytical testing market in Vietnam and an excellent opportunity to support its thriving food industry. This acquisition reinforces our footprint in the region, and should allow us to accelerate our expansion in Asia Pacific. We are looking forward to strengthening EDC-HD’s position in the market and supporting Vietnam’s food industry by offering the full range of services and capabilities of the Eurofins Group.”