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Eurofins Scientific signs pact with Noritsu Koki to acquire Japanese based GeneTech

Saturday, August 8, 2020, 12:00 Hrs  [IST]

Eurofins Scientific (EUFI.PA), the global scientific leader in bioanalytical testing and the European leader in non-invasive prenatal testing (NIPT), announces that it has signed an agreement with Noritsu Koki Co., Ltd. to acquire GeneTech Inc. (GeneTech), the pioneer in NIPT and a leading player in genetic analysis in Japan.

GeneTech is the number one player in the NIPT market in Japan and will provide Eurofins access to its equipment and scientific expertise, as well as its clients in Asia which includes renowned specialised medical doctors, major hospitals and clinics. GeneTech operates a laboratory in the Kazusa DNA Research Institute, a public research body founded in 1994 that inaugurated its activity as the world's first institute specialized in DNA-related research. In addition to its NIPT expertise, GeneTech also has testing capabilities in preimplantation genetic testing for aneuploidy (PGT-A) which will expand Eurofins’ testing portfolio in Japan.

GeneTech employs over 35 staff and generated revenues over EUR 10 million in 2019. As a result of this acquisition, Eurofins will become the leader in the NIPT market in Japan with significant scale advantages over its competitors in the area and will further expand its global service offering in NIPT.

Eurofins Scientific, through its subsidiaries, believes it is the global leader in food, environmental, pharmaceutical and cosmetics products testing and in agroscience CRO services. It is also one of the global independent market leaders in certain testing and laboratory services for genomics, discovery pharmacology, forensics, CDMO, advanced material sciences and in the support of clinical studies. In addition, Eurofins is one of the leading global emerging players in esoteric and molecular clinical diagnostic testing.


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