SYNLAB ANALYTICS
Acquired by
SGS
SYNLAB ANALYTICS acquired by SGS
Context
SGS SA has completed the acquisition of the Analytics & Services (A&S) unit from SYNLAB Group. The transaction, initially announced in November 2020, represents a strategic carve-out that allows SYNLAB to divest its non-core laboratory activities and fully concentrate on its primary medical diagnostic services. For SGS, the acquisition significantly strengthens its footprint in North-Western Europe, specifically consolidating its market position in Germany and the Benelux region while establishing a new presence in the Nordic countries. The strategic rationale centers on the integration of A&S’s 37 specialized laboratories into the SGS global network, enhancing the group’s portfolio in environmental, food, and life sciences testing. Following the closing, the unit was rebranded as SGS Analytics. This combination provides A&S with the necessary scale to pursue future growth under the ownership of a dedicated TIC industry leader.
SYNLAB ANALYTICS, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
SYNLAB Analytics & Services (A&S) is a leading European provider of specialized testing and analysis services across the environmental, food, hygiene, pharmaceutical, and product sectors. The organization operates a network of 37 laboratories and employs approximately 2,000 professionals, primarily in North-Western Europe. Its business model is diversified across four main pillars: environmental analysis (60% of revenue), food diagnostics (20%), life sciences (10%), and tribology/oil condition monitoring (10%). The entity assists companies in complying with increasingly stringent regulations designed to ensure the safety of air, soil, water, and consumer products. By utilizing advanced laboratory techniques, the group provides critical data for the inspection and verification of critical infrastructure and supply chains, particularly in Germany, the Benelux region, and the Nordic countries.
Ent. Value
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Multiples
EV / Revenue
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EV / EBITDA
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Historical Financials (EUR)
Other operations with SYNLAB ANALYTICS
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 150M - 250M EUR
EBITDA range: 25M - 50M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: sgs