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SYNLAB Bondco Plc ("SYNLAB") announces the signing of an agreement to sell SYNLAB Group’s Analytics & Services (A&S) unit to SGS SA. The proceeds of the sale will remain in the group for future use.
A&S is a European provider for environment, food, hygiene, pharma and products analysis and testing. In 2019, A&S generated sales revenues of more than EUR 200m and had approximately 2,000 employees.
The transaction is subject to customary regulatory approvals and closing of the sale is expected by early first quarter of 2021 at the latest.
This notice is being provided in accordance with Regulation (EU) No 596/2014 of 16 April 2014 on Market Abuse.
Download: PDF | Regulatory Announcement: SYNLAB agrees to sell Analytics & Services business to SGS