Log In

 

Company Name : Tata Capital Limited

Tuesday, November 21, 2017 2:01PM IST (8:31AM GMT)

(BSE:934778)

Tata Capital Investment Banking Advises on Acquisition of Spectro Analytical Labs by Eurofins Scientific


Mumbai, Maharashtra, India

Tata Capital’s Investment Banking division has successfully advised on the acquisition of Spectro Analytical Labs (“Spectro”), a leading environment and analytical product testing and inspection company in India, by Eurofins Scientific (“Eurofins”), one of the global leaders in bioanalytical testing. In this transaction, Tata Capital was the exclusive financial advisor to the shareholders of Spectro.
 
Headquartered in New Delhi, India, Spectro has over 22 years of experience in quality testing and inspection-related services, and owns accreditations from the National Accreditation Board for Testing and Calibration Laboratories (NABL) in six fields: Chemical, Mechanical, Biology, Non-destructive Testing, Calibration and Electrical & Electronics. Starting from a small facility in New Delhi, Spectro has steadily achieved strong growth to become India’s leading environment and analytical laboratory, with operations and joint ventures all over the country, catering to more than 8,000 customers. The company operates 5 state-of-the-art laboratories in India, with a total surface area of ca. 10,000 m2 and employs close to 450 staff.
 
Headquartered in Luxembourg, Eurofins is one of the world leaders in food, environment and pharmaceutical testing and is also one of the global independent market leaders in certain testing and laboratory services for agroscience, genomics, discovery pharmacology and for supporting clinical studies. In addition, Eurofins is one of the key emerging players in specialty clinical diagnostic testing in Europe and the USA. The Group employs over 30,000 staff in 400 laboratories across 41 countries, generating revenue of more than US$ 3 bn. The shares of Eurofins are listed on the Euronext Paris Stock Exchange with a market cap of US$ 10.6 bn.
 
The acquisition of Spectro will enable Eurofins to have a strong environment and analytical testing market entry in India and significantly increase Eurofins’ market position in this geographical region.
 
Commenting on the transaction, Mr. J Niranjan, CEO - Tata Capital Pte. Ltd. said: “The transaction is a win-win situation for both Spectro and Eurofins. While Spectro becomes part of a large MNC, Eurofins gains market entry into the Indian environmental and product testing sector. The Indian testing and inspection sector has traditionally been dominated by MNCs. However, with expansion in market potential, domestic companies are now quickly catching up. We are witnessing an increasing interest from global players to establish and expand their presence in India.”
 
Also commenting on the event Mr. Kuldeep Dhingra, Spectro’s Managing Director said, “We are delighted to become part of the Eurofins Group. We see tremendous growth opportunities in the Indian testing and inspection industry and are excited with the prospects of significant value creation for our clients and employees through access to Eurofins’ global network of laboratories, technical and financial competencies.”

Dr. Gilles Martin, Eurofins’ CEO added, “We are pleased to welcome Spectro, a prominent Indian testing services provider, to Eurofins’ family of businesses. Spectro’s broad range of testing and inspection services, combined with Advinus’ biopharmaceutical and agro sciences competencies that were acquired earlier this year and Eurofins’ existing genomics, food and clinical testing laboratories, will complement the Group’s analytical services portfolio and provide Eurofins with a well-balanced initial market presence in India. This transaction is another demonstration of Eurofins’ commitment to expand its global network of analytical services laboratories across all geographical regions where it anticipates significant growth.

About Tata Capital Limited

Tata Capital Limited, a holistic financial services provider caters to the diverse needs of retail, corporate and institutional customers, directly or indirectly through its subsidiaries. Its range of offerings includes Consumer Finance, Advisory Services, Commercial Finance, Infrastructure Finance, Investment Banking, Private Equity Advisory & Credit Cards. For more information about Tata Capital, please visit www.tatacapital.com.


Click here for Media Contact Details

Stuart Pereira, Tata Capital, +91-9029080385, +91 (22) 66069102 , Stuart.pereira@tatacapital.com

Ankit Chothani, Rediffusion / Edelman, +91-9833370569, Ankit.chothani@edelman.com


More News from Tata Capital Limited

26/07/2017 6:42PM

Tata Capital's 'ProAspire' Encourages Skill Development in India

Tata Capital through its skill development initiative 'ProAspire' – has successfully trained and placed over 3,000 underprivileged students across the country. ProAspire, one of Tata Capital's flagship CSR initiatives ...

12/06/2017 2:35PM Image

Tata Capital Brings the 'Salaam Loans' Initiative to Deserving Individuals in Mumbai's Dharavi and Golibar Area

Under its 'Do Right' mission, Tata Capital has launched 'Salaam Loans', an initiative which spreads the message that every right intention has a #LoanKaHaq.

24/03/2017 12:40PM

Tata Capital's One-of-a-kind Mobile App Invites You to Check Your myScore and Avail Easy Finance

Tata Capital, the financial services arm of the Tata Group, today, announced the launch of 'myLoan' - a first-of-its kind Mobile App by the company to extend its existing personal loan offering to the emerging younger ...

Similar News

25/05/2018 4:23PM

Pidilite Industries Reports Consolidated Comparable Net Sales Growth of 20 Percent; Domestic Volume Growth at 13 Percent

Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and year ended March 31, 2018.

No Image

25/05/2018 2:36PM

JobBuzz Workplace2025 Conclave Brings Together India’s Top Business Leaders to Envision Tech Disruptions at Work Spheres

JobBuzz organised its maiden conclave to discuss and outline the changes that will alter workplaces. This event was attended by 8 CEOs, 24 CHROs, 15 CTOs, 7 business case presenters, 3 spiritual speakers, 1 motivational ...

News Summary

Tata Capital’s Investment Banking division has successfully advised on the acquisition of Spectro Analytical Labs (“Spectro”), a leading environment and analytical product testing and inspection company in India, by Eurofins Scientific (“Eurofins”), one of the global leaders in bioanalytical testing. In this transaction, Tata Capital was the exclusive financial advisor to the shareholders of Spectro.