Cawood Scientific’s Agroscience research division has been acquired by Eurofins Agroscience Services
Arrowpoint Advisory’s Business Services sector team has advised Cawood Scientific on the sale of its Agroscience research division to Eurofins Agroscience Services (EAS), part of the Eurofins Scientific (EUFI.PA) network of companies.
The division is a Contract Research Organisation (CRO) formed in 2022 by Cawood Scientific, which acquired Innovative Environmental Services (IES), Mambo-Tox and i2L Research and integrated them into a single group.
European operations comprise e-fate and metabolism, ecotoxicology, residue analysis, field studies and household product efficacy services. This portfolio strategically complements Eurofins Agroscience Services' European footprint, adding unique capabilities and enabling a joint approach to digitalisation.
With this acquisition, Eurofins Agroscience Services marks a strategic milestone towards its vision of being a world leading provider of contract research services to the agrochemical and wider chemical industry.
Ellen Chamberlain, Associate at Arrowpoint Advisory, commented: “This transaction further enhances our specialism in lab testing and advanced scientific research into pharmaceutical and chemicals end markets. We anticipate that the M&A market will continue to strengthen in the context of increasing regulatory demands and industry consolidation.”
Joe Austin, Director at Arrowpoint Advisory, concluded: “We were delighted to advise Cawood on the disposal of its CRO business to Eurofins. Our TIC practice continues to go from strength to strength, and this represents yet another important transaction for our team.”
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