Eurofins Scientific

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Eurofins Scientific SE

logo
legal form Societas Europaea
ISIN FR0000038259
founding 1987
Seat Luxembourg LuxembourgLuxembourgLuxembourg 
management Gilles Martin, Chief Executive Officer
Number of employees 43,320 (2019)
sales 4.5 billion euros (2019)
Branch Analytics
Website www.eurofins.com

The Eurofins Scientific , based in Luxembourg is a listed group in the analysis laboratories .

The group offers bioanalytical services worldwide , primarily in the areas of food and feed, pharmaceuticals and the environment. Eurofins is active in the segments of laboratory testing of food, animal feed, environmental samples and for pharmaceuticals, biotech and agricultural science. The company is the world market leader in food analysis and the European market leader in environmental analysis.

Eurofins is divided into the four business areas of food, environment, pharmaceuticals and product testing and operates laboratories in around 170 locations worldwide. Eurofins Scientific employs around 35,000 people in around 190 laboratories in 37 countries (as of May 2018).

history

Eurofins Scientific was founded in Nantes in 1987 to market the patented SNIF-NMR technology. It was used to test the splashing of wine as well as the origin and purity of many drinks and foods in general. The FINS in the company name goes back to the French abbreviation for the English S ite-specific N atural I sotopic F ractionation.

With the takeover of the Dr. Specht in Hamburg, who was responsible for the development of § 64 Method L 00.00-34 (DFG S-19) at the height of the environmental movement , gave the company a competitive advantage in the field of pesticide analysis that continues to this day. In 2015 , the company invested € 90 million in the centralization of food analysis on the Eurofins Campus Hamburg. At the competence center, among other things, method development and validation for detection methods of genetically modified organisms (GMO), nuclear magnetic resonance spectroscopy (NMR) for high-throughput analysis in relation to the determination of the authenticity or origin of food as well as the determination of the residual DNA for food enzymes requiring EU approval , additives , flavors, food supplements and feed additives .

In 2017, the company expanded into laboratory medicine for the first time with the acquisition of Hygel, the largest provider of medical diagnostic services in North Rhine-Westphalia .

structure

The company's shares have been traded on the Paris Stock Exchange since 1997 ( Euronext Paris since 2000 ) and are part of the SBF 250 , CAC Mid 100 and Next150 stock indices . 64% of the shares are in free float , 36% in the hands of the Martin family (2020). In 2012 the company changed its legal form from a Société Anonyme to a Societas Europaea and relocated its headquarters from Nantes , France to Luxembourg .

The group grows through takeovers of small and medium-sized companies that specialize in their subject or are combined in larger regional units. These are controlled by foreign holdings, which has advantages in terms of tax law for the entire group and does not require the formation of a group works council under works constitution law. The companies work comparatively decentralized. The regional managing directors are also largely autonomous .

The growth of the group through the acquisition of laboratories was financed through share issues in 2016 and 2017, but also through borrowing. To compensate, the growth rates must be kept continuously high. After a takeover, the financial accounting is first integrated, the logo changed, later the LIMS migrated. Eurofins then tries to drive automation forward in order to achieve efficiency gains.

Takeovers (selection)

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  • MediGenomix GmbH, Martinsried - 2001
  • GfA, Münster - 2001
  • GeneScan Europe AG, Freiburg - 2003
  • Focus Bio-Inova (FBI) in Washington DC, USA, and Paris, France - 2006
  • Modulo Uno, Italy - 2008
  • ETS, Reichenwalde - 2008
  • Institute Dr. Appelt GmbH & CO. KG - laboratories and experts, Leipzig (headquarters), Dresden, Zella-Mehlis, Mannheim, Achern and Hilter - 2009
  • Laboratory Dr. Specht, Hamburg - 2009
  • Wiertz-Eggert-Jörissen Laboratory (WEJ), Hamburg - 2009
  • MWG-Biotech - 2007 ( outsourcing ), 2009 ( delisting )
  • Lancaster Laboratories, USA and Ireland - 2011
  • Entelechon GmbH, Bad Abbach - 2013
  • Milupa Central Laboratory, Central Laboratories Friedrichsdorf GmbH (CLF) - 2013
  • St. Marien Hospital Lampertheim - 2016
  • GATC Biotech AG - 2017
  • Dermatest Pty Ltd., Australia - 2017
  • Institute Nehring - 2017
  • IfB Institute for Blood Group Research GmbH, Cologne - 2017
  • Hygel - Laboratory Company Dr. Dirkes-Kersting & Dr. Kirchner mbH, Gelsenkirchen - 2017
  • EAG Laboratories, USA - 2017; the takeover of EAG Laboratories for $ 780 million was the largest acquisition to date.
  • Laboratoire Dermscan SAS ("Dermscan") - 2018
  • Phast Society for Pharmaceutical Quality Standards mbH - 2018
  • Omega Diagnostics, Reinbek - 2019
  • Virotech Diagnostics GmbH, Rüsselsheim - planned for 2019
  • AQM, EMEA and Asia - 2019
  • LAB Solution Srl, Italy - 2019

The full list of consolidated companies is included in the annual report.

engagement

The group of companies promotes young academics by supervising doctoral theses . The laboratory group also finances incentive systems for young scientists . It also offers young researchers the opportunity to get started with analytical chemistry . However, promoting traditional disciplines such as food chemistry remains the main focus of the family business. In addition, the practical year for food chemists can be completed in the laboratories for food analysis and residue analysis.

Eurofins Analytics on the Hamburg campus is committed to association work and provides numerous volunteer representatives for this purpose . The company itself was awarded the family-friendly company award by the Hamburg Chamber of Commerce , the Chamber of Crafts and the City of Hamburg supported by the non-profit Hertie Foundation .

The research and development department is involved in the OLEUM joint project funded by the EU Commission , which is coordinated by the University of Bologna . The project to combat unfair competition in olive oil is supported by chemometrists from Lablicate, based at the University of Hamburg , who are responsible for the successful open source project OpenChrom . The company is also a partner in the FoodAuthent joint project funded by the Federal Ministry of Food and Agriculture with the aim of establishing fingerprinting processes in food control .

Ransomware

On the first weekend in June 2019, the company reported a security incident involving blackmail trojans and took numerous IT systems offline. The company tried to restore systems from uninfected backup copies. In Great Britain, where Eurofins does the forensic analysis for the police, court hearings had to be postponed. Eventually, Eurofins paid the ransom to the blackmailers and resumed normal operations three weeks later. Eurofins itself offers information security services , but was surprised by the new malware from the highly qualified perpetrators. The impact on the Group's financial results is considered to be material.

Data manipulation

The laboratory director of Eurofins QC laboratories in Southampton (Pennsylvania) was prepared by an audit because of falsification of technical records displayed in hundreds of cases. Raw data was copied and manipulated. The laboratory has been accreditation withdrawn and imposed a fine of $ 600,000.

Individual evidence

  1. ↑ a b Eurofins Scientific SE: Annual Report 2019 (PDF) Retrieved on March 4, 2020 (English).
  2. ↑ Eurofins: Eurofins A global leader in bioanalytical testing in the food, environment, pharmaceutical, agrosciences and clinical sectors. (PDF) In: Corporate Presentation. Eurofins, December 31, 2017, accessed on March 13, 2018 .
  3. ↑ Notker Blechner: "Our market is growing twice as fast as the global economy"
  4. ↑ Julia Kotlarz: Eurofins company presentation, FSMI 2013, University of Hamburg
  5. ↑ Eurofins Fact Sheet. Retrieved November 28, 2019 .
  6. ↑ Eurofins: FOOD SCIENCE MEETS INDUSTRY (self-presentation). March 19, 2012, accessed March 3, 2020 .
  7. ↑ Jochen (Jo) Riehle 50 years of residue analysis at Eurofins , FSMA 2014, University of Hamburg
  8. ↑ HamburgNews: Eurofins Campus Hamburg starts operations in 2015 , November 7, 2013
  9. ↑ Eurofins NDSC Food Testing: Method development and validation
  10. ↑ McDermott advises Eurofins on the acquisition of Hygel , May 8, 2017
  11. ↑ Eurofins: Shareholder Information. Retrieved March 3, 2020 . Eurofins Quarterly Report Q3 2012 (English) ( Memento from April 21, 2013 in the Internet Archive )
  12. ↑ Eurofins Scientific va transférer son siège de Nantes au Luxembourg , NOVOpress Breizh, January 14, 2012
  13. ↑ a b c d e Katharina Schöneberg, Peter Wilke, Sebastian Klotz and Oliver Venzke in cooperation with Manfred Wulff: Industry analysis laboratory analysis , Hans-Böckler-Stiftung , No. 342, November 2016, ISBN 978-3-86593-250-1
  14. ↑ Petra Schreiber: Interview: Gilles Martin: "Food has never been as safe as it is today" , HK Hamburg
  15. ↑ Jörg Lang: Something is wrong here! Eurofins - High price for growth , March 24, 2018
  16. ↑ Christian Schubert: Eurofins Laboratory Group: “We test everything that goes into the body” , March 30, 2019
  17. ↑ Press release: Eurofins Scientific takes over MediGenemix. Acquisition strengthens Eurofins' position in genomics , May 28, 2001
  18. ↑ Eurofins Scientific takes over GeneScan Europe AG. In: www.bionity.com. February 18, 2003, accessed November 28, 2019 .
  19. ↑ Eurofins strengthens its position in the global market for clinical trials with the acquisition of Focus Bio-Inova. In: www.bionity.com. June 20, 2006, accessed November 28, 2019 .
  20. ↑ PresseBox (c) 2002-2019: Eurofins acquires Modulo Uno, Eurofins Product Testing GmbH, press release - PresseBox. November 5, 2008, accessed on November 28, 2019 (German).
  21. ↑ USTEMMLERN: Eurofins bought the Reichenwalder company. January 11, 2008, accessed November 28, 2019 .
  22. ↑ Eurofins Group takes over Institute Dr. Appelt. In: analytik.news. September 17, 2009, accessed November 28, 2019 .
  23. ↑ Johannes Stoffels: MWG: Eurofins takes option | www.4investors.de. Retrieved November 28, 2019 .
  24. ↑ Eurofins acquires Lancaster Laboratories, Inc. In: www.analytica-world.com. February 28, 2011, accessed November 28, 2019 .
  25. ↑ Biopark Regensburg GmbH: Eurofins has taken over Entelechon (12/2013)
  26. ↑ Klaus Späne: Milupa central laboratory has been sold ( memento of the original from September 24, 2017 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , Taunus-Zeitung August 3, 2013 @1@ 2Template: Webachiv / IABot / www.taunus-zeitung.de
  27. ↑ PresseBox (c) 2002-2019: Belgian Eurofins Group signs purchase agreement for St. Marien Hospital Lampertheim, Thomas SCHULZ, press release - PresseBox. July 22, 2016, accessed on November 28, 2019 (German).
  28. ↑ GATC becomes part of the Eurofins Group. In: www.bionity.com. June 2, 2017. Retrieved November 28, 2019 .
  29. ↑ Eurofins Group acquires DERMATEST Pty Ltd (AUSTRALIA) - Packaging Today. September 22, 2017, accessed November 28, 2019 .
  30. ↑ Eurofins News: Institut Nehring becomes part of the Eurofins Group. Retrieved November 28, 2019 .
  31. ↑ dna-ifb.de: About Us , December 7, 2018
  32. ↑ Acquisition of the laboratory diagnostics group - Eurofins takes over Hygel. In: www.bibliomedmanager.de. May 9, 2017. Retrieved November 28, 2019 .
  33. ^ Eurofins Announces the Successful Closing of the Acquisition Of EAG Laboratories. In: www.wallstreet-online.de. December 4, 2017, accessed November 28, 2019 .
  34. ^ Christian Schubert, Paris: Enormous increase in value: Eurofins is Europe's best share . ISSN  0174-4909 ( faz.net [accessed November 28, 2019]).
  35. ↑ Eurofins completes takeover of a cosmetic test laboratory in France. In: www.chemie.de. October 30, 2018, accessed November 28, 2019 .
  36. ↑ Löbbecke accompanies takeover of Phast. In: PHARMATECHNIK-ONLINE. June 17, 2018, accessed on November 28, 2019 (German).
  37. ↑ Reimer Rechtsanwälte: Insolvency administrator sells Omega Diagnostics to the Luxembourg Eurofins Group , January 3, 2019
  38. ↑ Current merger control proceedings: Eurofins Scientific SE Luxembourg; indirect acquisition of all shares in and sole control over Virotech Diagnostics GmbH, Rüsselsheim (D)
  39. ↑ AQM becomes part of Eurofins | A stepping stone towards securing consumer products
  40. ↑ Eurofins takes over LAB Solution and strengthens its presence in the textile and leather industry
  41. ↑ Eurofins Scientific: Annual Report 2019. Accessed on March 4, 2020 (English).
  42. ↑ Julia Heik: Multiallergen screening using mass spectrometry , March 20, 2012, University of Hamburg
  43. ↑ Hamburg School of Food Science | Incentive Systems. In: www.hsfs.org. Accessed November 28, 2019 .
  44. ↑ I. Bešlagić: Method development and validation for the detection of PCDD / F and PCB in fish oils using HRGC / HRMS using the , FSMI 2013, University of Hamburg , February 18, 2013
  45. ^ A. Meyer: Analysis of pyrrolizidine alkaloids and their N-oxides , FSMI 2013, University of Hamburg , February 18, 2013
  46. ↑ Eurofins job portal: MORE THAN A JOB - COME TO THE LABS OF EXCELLENCE!
  47. ↑ Eurofins Analytik GmbH - Memberships. Retrieved November 28, 2019 .
  48. ↑ Eurofins as an employer: Hamburg family seal - Eurofins in Hamburg was awarded the Hamburg family seal
  49. ↑ OLEUM - University of Bologna. In: www.unibo.it. Accessed November 28, 2019 .
  50. ↑ Eurofins: FoodAuthent project. October 10, 2017, accessed March 3, 2020 . FoodAuthent ensures clarity regarding the origin of food ( Memento from December 1, 2017 in the Internet Archive )
  51. ↑ Gene and laboratory service provider from Luxembourg is attacked by extortion software , June 3, 2019
  52. ↑ Dennis Schirrmacher: Blackmail Trojan has the Eurofins laboratory group in a stranglehold , June 4, 2019
  53. ↑ Eurofins Scientific detects ransomware in some of its IT systems . In: Reuters . June 3, 2019 ( reuters.com [accessed November 28, 2019]).
  54. ^ Danny Shaw: Forensic firm paid ransom after cyber-attack . July 5, 2019 ( bbc.com [accessed November 28, 2019]).
  55. ↑ Hannah Devlin Science correspondent: Hacked forensic firm pays ransom after malware attack . In: The Guardian . July 5, 2019, ISSN  0261-3077 ( theguardian.com [accessed November 28, 2019]).
  56. ↑ Eurofins hack: "It was a new malware variant". In: WWW.inside-it.ch. June 11, 2019, accessed November 28, 2019 .
  57. ^ Joseph James Whitworth: Eurofins QC lab fined for falsifying water testing results , March 14, 2018
  58. ↑ DEP details. In: www.media.pa.gov. Retrieved November 28, 2019 (American English).

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