Mérieux NutriSciences: Stronger global presence through Bureau Veritas acquisition

Strategic acquisition doubles market presence in high-growth regions

09-Oct-2024

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Mérieux NutriSciences, a global leader in food safety, quality and sustainability, announced today that it has reached an agreement to acquire the food testing business of Bureau Veritas for an enterprise value of €360 million. This strategic acquisition, supported by parent company Institut Mérieux, underscores Mérieux NutriSciences' commitment to promoting safer, healthier and more sustainable food systems on a global scale.

The scope of this contract includes Bureau Veritas' food laboratory testing activities - microbiological and chemical analysis and molecular testing. They serve customers in the food industry through a network of 34 laboratories and 1,900 technical staff in 15 countries in the Americas, Africa and Asia-Pacific. In addition, Mérieux NutriSciences is in advanced discussions with AsureQuality, the New Zealand-based food safety provider, to continue the joint ventures that currently exist between Bureau Veritas and AsureQuality in Australia and South East Asia.

Building on Mérieux NutriSciences' existing global presence and reputation for delivering high-quality, science-based solutions to its customers, this acquisition will strengthen the company's global footprint, expanding its operations to 32 countries and doubling its presence in Canada and Asia Pacific.

Mérieux NutriSciences is a leader in the global food TIC market with sales of approximately $15 billion, growing at a steady rate of approximately 5% per year. This is mainly due to increasing consumer demand for food safety and quality, stricter regulations, sustainability and traceability of the food supply chain and innovations in food technology. With a collaborative network of nearly 140 laboratories and over 10,000 employees, the company will be even better positioned to meet the evolving needs of this growing industry through its comprehensive services, including testing, auditing, consulting, research, environmental accounting, training and digital solutions.

"The acquisition of Bureau Veritas' food testing business is a key milestone for Mérieux NutriSciences. It will significantly enhance our ability to serve our customers and ultimately increase our contribution to the safety, quality and sustainability of global food systems. Once the transaction is completed, we will be even stronger together with the 1,900 future Bureau Veritas colleagues to achieve our goals: Better Nutrition. Better health. Better World," said Nicolas Cartier, Managing Director of Mérieux NutriSciences.

"We are delighted to partner with Mérieux NutriSciences, a leader in food testing, whose global footprint and proven expertise is a perfect fit for our food business and will enable us to thrive and help make food systems safer, healthier and more sustainable," added Hinda Gharbi, Managing Director of Bureau Veritas.

The transaction is expected to close by the end of the fourth quarter of 2024, once customary closing conditions are met, including regulatory approvals in certain regions.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

https://www.yumda.com/en/news/1184609/merieux-nutrisciences-stronger-global-presence-through-bureau-veritas-acquisition.html