14 Oct 2024 Mérieux NutriSciences bags Bureau Veritas

Mérieux NutriSciences is acquiring the food testing business of Bureau Veritas for €360-million…

Mérieux NutriSciences will acquire Bureau Veritas’ worldwide food testing business – expanding its global footprint and expertise.

“This acquisition…will significantly enhance our ability to serve our customers, and ultimately increase our contribution to the safety, quality, and sustainability of global food systems,” said Nicolas Cartier, CEO of Mérieux NutriSciences.

This acquisition includes microbiological and chemical analysis, as well as molecular testing, through a network of 34 laboratories and 1,900 staff across 15 countries in the Americas, Africa, and Asia Pacific.

Mérieux NutriSciences is a leader in the $15bn global food TIC market, which is experiencing steady growth of around 5% annually, largely driven by rising consumer demand for food safety and quality, heightened stringency in regulations, sustainability and traceability of the food supply chain, and innovation 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, consultancy, research, environmental footprinting, training, and digital solutions.

Mérieux NutriSciences is also in discussions with New Zealand-based AsureQuality to continue existing joint ventures in Australia and Southeast Asia. This acquisition will extend Mérieux NutriSciences’ operations to 32 countries and will double its presence in Canada and the Asia Pacific region.

“We are pleased to partner with Mérieux NutriSciences…whose global footprint and proven expertise is the perfect fit for our food business and would allow it to thrive and to contribute to make food systems safer, healthier and more sustainable,” said Hinda Gharbi, CEO of Bureau Veritas.

The transaction is expected to close by the end of this year, pending regulatory clearance in certain regions.

Watch Mérieux NutriSciences CEO, Nicolas Cartier, share more about this transformational milestone, and read the full press release here: https://lnkd.in/dMYbVHGA