• The transaction will create a business with $1bn in revenue, significantly reinforcing Mérieux NutriSciences' position as a global leader in food testing, inspection, and certification (TIC).
• It expands Mérieux NutriSciences' geographic footprint, doubling its presence in Asia Pacific and Canada, and providing access to new regions with considerable growth potential.

CHICAGO, Oct. 7, 2024 /PRNewswire/ -- Mérieux NutriSciences, a world leader in food safety, quality, and sustainability, announced today that it has entered into an agreement to acquire the food testing business of Bureau Veritas for an Enterprise Value of EUR 360 million. This strategic acquisition, supported by its parent company, Institut Mérieux, reinforces Mérieux NutriSciences' commitment to promoting safer, healthier, and more sustainable food systems on a global scale.

The scope of this deal covers Bureau Veritas' food laboratory testing activities -microbiological and chemical analysis, and molecular testing. These serve food sector customers through a network of 34 laboratories and 1,900 technical staff across 15 countries in the Americas, Africa, and Asia Pacific. Additionally, Mérieux NutriSciences is in advanced discussions with AsureQuality, the New Zealand-based food assurance provider, to continue the joint ventures which currently exist between Bureau Veritas and AsureQuality in Australia and Southeast Asia.