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SYNLAB Limited (together with its subsidiaries ‘the Group’) announces that the Group has agreed today to acquire 100 % of the shares of ALcontrol Group Limited, a major European provider of environmental testing services, with approximately 900 employees and sales revenues close to EUR 95 million.
The transaction, which will be funded from the Group’s available balance sheet resources, is subject to customary approval from the relevant regulatory authorities. Closing of the transaction is expected to take place as soon as practicable after such approval have been obtained but no later than nine months from the date of agreement.
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