Eurobio Scientific Expands Its Operations in Italy Significantly
Eurobio Scientific Expands Its Operations in Italy
Eurobio Scientific, a prominent name in the in vitro diagnostics sector, proudly announces its recent investments and acquisitions that will significantly bolster its operational footprint in Italy. The company is making waves with its bold strategies as it focuses on enhancing its product offerings and market presence.
Strategic Acquisitions
On March 11, 2025, Eurobio Scientific finalized an agreement to acquire the Life Science unit of Voden Medical Instruments Spa. This vital unit specializes in diagnostics, cellular and molecular biology, and genome analysis. It is noteworthy that they also distribute the highly regarded GenDx line of products across Italy. The transaction is set to be financed through a combination of Eurobio Scientific's existing cash reserves and a new bank loan, with completion expected on July 1.
Enhanced Product Distribution
Alongside the Voden acquisition, Eurobio Scientific has completed the acquisition of Quimark SRL. Quimark is known for distributing Eurobio Scientific's oncology products, including EndoPredict and Prolaris, within the Italian market. This strategic move positions Eurobio Scientific to reinforce its market dominance and streamline the distribution of its proprietary products.
Financial Growth Projections
These acquisitions are projected to significantly contribute to Eurobio Scientific's revenue stream, with an estimated annual increase of around 10 million euros in Italy alone. Within this figure, approximately 4 million euros are anticipated to stem from sales of their proprietary product range. This financial boost reflects Eurobio Scientific's commitment to expanding its innovative diagnostic solutions.
Challenges with Suppliers
In late February, Eurobio Scientific encountered challenges when T2 Biosystems, one of its key US suppliers, announced the closure of its operations. This abrupt halt has disrupted the manufacturing and servicing of its instruments and reagents. In 2024, T2 Biosystems had generated approximately 1.9 million euros in revenue for Eurobio Scientific, with Italy being its largest market, contributing roughly 1.7 million euros. The company is diligently working to assess the implications of this disruption on its Italian clientele while methodically transitioning its distribution strategy.
About Eurobio Scientific
Eurobio Scientific stands as a cornerstone in the realm of specialty in vitro diagnostics. The group engages in every stage from research and manufacturing to the commercialization of diagnostic tests that span transplantation, immunology, and infectious diseases. Through established partnerships and a robust distribution network, Eurobio Scientific has a remarkable portfolio of proprietary products in molecular biology. With a talented workforce of around 290 employees across multiple production facilities in Paris, Germany, the Netherlands, and the US, Eurobio Scientific continues to set benchmarks in its field.
Company Leadership and Contact Information
Eurobio Scientific is guided by its reference shareholder, EurobioNext, which unites directors Jean-Michel Carle and Denis Fortier alongside the investment program “Pépites et Territoires” by AXA and NextStage AM. For inquiries, you can reach:
Eurobio Scientific
Denis Fortier, Chairman and CEO
Olivier Bosc, Deputy CEO/CFO
Tel: +33(0) 1 69 79 64 80
Investors Relations at Actus
Mathieu Calleux
Tel: +33(1) 53 65 68 68
Email: eurobio-scientific@actus.fr
Frequently Asked Questions
What recent acquisitions has Eurobio Scientific made?
Eurobio Scientific recently acquired the Life Science unit of Voden Medical Instruments Spa and Quimark SRL to enhance its operations in Italy.
How much revenue is Eurobio Scientific expecting from these acquisitions?
The company anticipates an increase of approximately 10 million euros in annual revenue from its operations in Italy, including 4 million euros from proprietary products.
What challenges has Eurobio Scientific faced with suppliers?
Eurobio Scientific faced challenges when T2 Biosystems closed its operations, impacting production and service capabilities, particularly affecting revenue generated in Italy.
Where does Eurobio Scientific operate?
Eurobio Scientific has production units in Paris, Germany, the Netherlands, and the United States, with a distribution network extending across several European countries.
Who are the key leaders at Eurobio Scientific?
The leadership comprises Denis Fortier as Chairman and CEO, supported by Olivier Bosc as Deputy CEO/CFO, alongside a dedicated team focused on driving company growth.
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