Eurofins: sells digital testing business
(CercleFinance.com) - Eurofins Scientific today announces that it has signed an agreement to sell its digital testing business to Stirling Square Capital Partners (Stirling Square) for 220 million euros in cash and no debt.
The business represents approximately 1% of group sales and employs over 600 people.
Eurofins Digital Testing provides global testing, quality assurance and technical analysis of digital systems, devices, content and cyber security.
Eurofins says that over the past 7 years, Eurofins Digital Testing has successfully grown to become a recognised leader in its field. In order to facilitate its development, we have decided to transfer ownership of the company to Stirling Square.
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