Eurofins Scientific

Eurofins Scientific Overview

Company Headquarters: Luxembourg

Founded: 1987

Workforce: 45,000

Company Working: Eurofins Scientific is a leader in analytical testing services that provides clinical tests and laboratory services in drug discovery pharmacology, genomics, forensics, contract manufacturing organization (CMO), advanced material sciences, and for supporting clinical studies across multiple industries. Pharmaceutical, environment, food, and cosmetics are the major clients for Eurofins Scientific’s products.

The company has around 800 laboratories across 47 countries. It has a portfolio of over 200,000 analytical methods to evaluate and identify the safety, composition, authenticity, purity, and origin of biological substances and products, also used in clinical diagnostics. Geographically, the company operates in North America and South America, Europe, and Asia-Pacific.

Strategy

Eurofins Scientific focuses on improving its science and technology portfolio through strategic capital allocations. The company is committed to pursuing its dynamic growth strategy by expanding its technology portfolio and its geographic reach. Also, through increasing research & development and strategic acquisitions, the company focuses on the modern developments in the field of biotechnology and analytical products to offer its clients innovative analytical solutions with a complete range of testing methods.

Company Snapshot

$2,384.4M

Revenue

45,000

Employees

1987

Founded

Luxembourg

Headquarters

SWOT Analysis

Strengths

Global presence
Industrial diversity and unique products
Leader in specialty clinical diagnostic testing
Huge product portfolio
Market leader in testing & laboratory services in genomics
Highly qualified staff

Weaknesses

Narrow portfolio of services
High working capital requirements
Significant level of indebtedness may limit the company’s flexibility

Opportunities

Acquisitions and mergers
Globalization
Development of new technology
Increasing demand for nutrition rich crop
Economic uptick and increasing customer spending
Mergers & acquisitions

Threats

Increasing market competition
Intense competition in the market
Infringement of property rights
Information security risks
Risk related to Intellectual Property Right (IPR)

Key Developments

Date	Approach	Development
November 2018	Expansion	Eurofins Scientific committed to open new breeding services in Europe and have begun its first crop testing in France.
July 2018	Acquisition	Eurofins Scientific announced the acquisition of Agrartest GmbH, a German-based agriculture company. The company is engaged in in-house expertise, technological advancement, and further development in growing fertilizer and seed testing portfolio.

Product Offering

Eurofins Scientific
- Solutions
- Agriculture Biotechnology
- Pharmaceutical Analytical Testing Outsourcing Market

Financial Performance

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