Mérieux NutriSciences is set to acquire Bureau Veritas' food testing business for EUR 360 million, significantly enhancing its global presence and revenue potential in the food TIC market.

Target Information

Mérieux NutriSciences has announced its intention to acquire the food testing business of Bureau Veritas for an Enterprise Value of EUR 360 million. This strategic acquisition, which is supported by Mérieux NutriSciences' parent organization, Institut Mérieux, seeks to solidify the company's status as a global leader in food testing, inspection, and certification (TIC). Once finalized, this transaction is projected to establish a new business entity with annual revenues reaching $1 billion, significantly enhancing Mérieux NutriSciences' service capabilities.

The acquisition encompasses Bureau Veritas’ comprehensive food laboratory testing operations, which include microbiological, chemical, and molecular testing. These services are essential for clients in the food sector, backed by a robust network of 34 laboratories and 1,900 skilled professionals across 15 countries spanning the Americas, Africa, and Asia Pacific.

Industry Overview

The global food TIC (Testing, Inspection, Certification) market is worth approximately $15 billion and is experiencing a steady growth rate of around 5% annually. This expansion is largely