Exova : completes sale of Food, Water & Pharma Biz

Friday 1 July, 2016

Exova Group plc

Exova completes sale of UK and Ireland Food, Water and Pharmaceutical business to Eurofins Scientific

Exova Group plc, the globaltesting, calibration and advisory services provider, announced today that it has completed the sale of its UK and Ireland Food, Water and Pharmaceutical business to international life sciences company, Eurofins Scientific, for a cash consideration of around £18m.

The sale consists of a portfolio of ten well-established, accredited laboratories across the UK and Ireland which provide a wide range of chemistry and microbiological testing services. Exova's Food, Water and Pharmaceutical business in the UK and Ireland generated revenues of around £20m in 2015.

ENDS

Enquiries:

Sam Trillwood

Powerscourt

Telephone: +44 (0) 20 7549 0742

Diana Milford

External Communications Manager, Exova

T: +44 131 335 4373

E:diana.milford@exova.com

Exova

Exova is one of the world's leading laboratory-based testing groups, trusted by organisations to test and advise on the safety, quality and performance of their products and operations. Headquartered in Edinburgh, UK, Exova operates 137 laboratories and offices in 32 countries and employs around 4,200 people throughout Europe, the Americas, the Middle East and Asia/Asia Pacific.

Exova's capabilities help to extend asset life, bring predictability to applications, and shorten the time to market for customers' products, processes and materials. With over 90 years' experience, Exova specialises in testing across a number of key sectors ranging from Aerospace and Fire Safety Technology to Construction, Industrials, Oil and Gas, Transportation and Health Sciences.