$400 million deal: Eurofins acquires Element Materials Technology's Life Sciences Testing Services business in North America
The transaction involves biopharma, environmental, and food testing
Eurofins Scientific (EUFI.PA has reached an agreement with Element Materials Technology (“Element”) to acquire its Life Sciences testing services business in North America, for an enterprise value of $400m. The transaction is subject to customary conditions, including regulatory approvals, and is expected to close in Q4 2026.
Element’s North America Life Sciences Testing Services includes a range of Biopharma product testing, Environmental testing and Food testing services, offered by a network of 27 laboratories and facilities. It employs approximately 750 FTEs, and is expected to generate annual revenues of over $150m in 2026, with profitability similar to the Eurofins Group average.
This addition to Eurofins’ BioPharma and Life businesses in North America will expand the geographic presence of Eurofins’ laboratories network into certain key regions of the United States and Canada where Eurofins has historically been underrepresented. The acquired operations will benefit from access to the breadth of customer offering and the economies of scale of Eurofins’ established hub-and-spoke laboratory networks. The transaction aligns with Eurofins’ ongoing focus on allocating capital towards its core testing for life capabilities.
Comment from Dr Gilles Martin, Eurofins CEO: “We look forward to welcoming Element’s North American Life Sciences Testing Services teams into Eurofins. This acquisition is a natural fit with Eurofins’ existing businesses, and can build on our well invested, efficient and digital laboratories platform to help drive unique levels of service to customers across the continent.”
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Topic world Food safety
Food safety is at the heart of the food and beverage industry. It ensures that the food we eat every day is not only nutritious, but also free of harmful contaminants. From field to plate, the industry monitors and regulates every step of the process with strict quality controls, advanced testing methods and continuous research.
Topic world Food safety
Food safety is at the heart of the food and beverage industry. It ensures that the food we eat every day is not only nutritious, but also free of harmful contaminants. From field to plate, the industry monitors and regulates every step of the process with strict quality controls, advanced testing methods and continuous research.