Galenica AG is acquiring Labor Team Group, the fourth-largest medical lab in Switzerland, to enhance its diagnostics services and strengthen its healthcare network.

Target Information

Galenica AG is set to acquire Diagnostics Group GmbH, also known as Labor Team Group, marking its entry into the diagnostics business. This acquisition involves the fourth-largest medical laboratory in Switzerland, providing Galenica with a stronghold in the diagnostics services sector. The deal is pivotal for Galenica's growth strategy as it enhances its healthcare network and value chain with an additional strategic business segment. The transaction is subject to approval by the Swiss Federal Competition Commission (WEKO).

According to Marc Werner, CEO of Galenica, "Labor Team aligns perfectly with our strategic direction and goal of enhancing integration in the healthcare system. The activities of Labor Team complement our services strategically, and there is a strong cultural fit between our two companies. Our aim is to drive innovations in healthcare together." Dr. Alain M. Cahen, CEO of Labor Team, added, "Being part of the Galenica network allows us to further expand our leading position and make our extensive services even more widely available across Switzerland. The Galenica culture fosters the best conditions for innovations in diagnostics."

Industry Overview in Switzerland

Labor Team offers a comprehensive range of laboratory medicine and pathology services, extending to personalized specialized diagnostics. The company operates Switzerland's largest central laboratory in Goldach (SG), integrat