Merieux NutriSciences is a food safety company that has acquired the food testing division of Bureau Veritas, a French testing, inspection and certification (TIC) company. The multinational's parent company, Institut Mérieux, backed the acquisition for €360 million.
Merieux NutriSciences’ revenue will increase by $1 billion as a result of the acquisition. The acquisition will expand Merieux NutriSciences’ geographic reach, with operations now in 32 countries. The company says this will double its presence in Asia Pacific and Canada and give it new access to regions with significant growth potential.
The scope of the operation includes Bureau Veritas laboratory tests, such as microbiological analyses and chemical tests.
Upon satisfaction of closing conditions, such as regulatory requirements in certain geographies in the United States, the transaction is expected to close by the fourth quarter of 2024.
Merieux NutriSciences has reached an important milestone with the acquisition of Bureau Veritas’ food testing division. “This acquisition will strengthen Mérieux NutriSciences’ ability to provide services to its customers and increase its contribution to food safety, sustainability and quality on a global scale. With the 1,900 new Bureau Veritas colleagues joining us after the closing of the transaction, we will be stronger than ever in our mission: “Better Food. Better Health. Better World,” said Nicolas Cartier, CEO of Mérieux NutriSciences.
Hinda Gahrbi, CEO of Bureau Veritas, said: “We are pleased to partner with Mérieux NutriSciences. Their global presence, proven expertise and experience in food testing are the ideal complement to our business.
Merieux NutriSciences, a major player in the $15 billion global information and communications technology (ICT) sector, has announced annual growth of 5%.
Merieux NutriSciences has acquired the Merieux NutriSciences business.
Cartier said the acquisition would “strengthen our position as a global leader in food quality, safety and sustainability.” This transformational change is consistent with Cartier’s purpose and strategic objectives, which strengthens its ability to make food safer and more sustainable. This transaction gives us critical mass to meet growing consumer demand for innovation, safety and sustainability in a $15 billion market.
This acquisition is expected to create value for customers as it combines the expertise of two companies. Bureau Veritas is particularly strong in the areas of dairy, aquaculture and pet food. The integration of Bureau Veritas’ laboratories and food testing experts will enhance our 360-degree solutions across the entire value chain.
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