Eurofins Scientific SE ERF.PA

Founded in 1987 by Gilles Martin, Eurofins Scientific, is a Belgian-based company that provides testing and support services for food, pharmaceutical, environmental and consumer goods industries. The company works closely with both governments and private entities. Eurofins Scientific has developed ground-breaking methods for testing counterfeit foods and detecting food contaminants. Eurofins Scientific has hundreds of laboratories in over 40 countries.

ERF.PA stock is available for trade on the Euronext exchange. The stock is also part of the CAC Mid 60 Component that represents the 60 biggest French companies, not part of the CAC 40. Eurofins Scientific’s IPO took place in 1997.

While plenty of large companies have used acquisitions as a method for expansion, Eurofins Scientific may have taken this strategy to a whole new level. The company purchased German-based MWG-Biotech in 2005 and Lancaster Laboratories in 2011, for €150 million. Additional acquisitions include Viracor-IBT Laboratories in 2014 for $255 million and Biomnis in 2015 for €220 million. To boost its presence in North America, Eurofins Scientific purchased American QA Laboratories and Canadian Experchems, both in 2015.

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