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Eurofins Scientific to Buy Element Materials' North American Life Sciences Testing Arm in $400 Million Deal

MT Newswires·07/20/2026 01:45:14
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01:45 AM EDT, 07/20/2026 (MT Newswires) -- Eurofins Scientific (ERF.PA) agreed to acquire Element Materials Technology's life sciences testing services business in North America at an enterprise value of $400 million. The French laboratories group said Monday the deal would boost its presence in certain key areas of the US and Canada. The deal is expected to close in the fourth quarter, subject to regulatory approvals. Element's North American life sciences testing business includes biopharma product testing, environmental testing, and food testing services under 27 laboratories.