.
MergerLinks Header Logo

Announced

Eurofins to acquire majority stake in Ajal for Laboratories.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Majority

pharmaceutical products

Single Bidder

United Arab Emirates

Friendly

Private

Pharmaceuticals

Acquisition

Pending

Synopsis

Edit

Eurofins, a provider of food, environment, pharmaceutical and cosmetic product testing services, agreed to acquire majority stake in Ajal for Laboratories, a food, tobacco and pharmaceutical testing laboratory. Financial terms were not disclosed. This is Eurofins’ first acquisition in the Kingdom of Saudi Arabia and represents a commitment to building a network of local and regional laboratories to support customers in the Middle East, and the rapidly growing food production and biopharma sectors in the KSA.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US