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July 9, 2019

Eurofins audit acquisitions strengthen textile footprint

International laboratory group Eurofins Consumer Products Testing (CPT) has acquired LAB Solution and AQM in a move that strengthens its footprint in audits and inspections for the textile and leather industry.

By Beth Wright

International laboratory group Eurofins Consumer Products Testing (CPT) has acquired LAB Solution and AQM in a move that strengthens its footprint in audits and inspections for the textile and leather industry. 

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Headquartered in Luxembourg, Eurofins Scientific operates a network of more than 800 laboratories across 47 countries. 

Established in 2011 in Fino Mornasco (Como), Italy, and in continuous expansion ever since, Lab Solution offers chemical analysis, physical and environmental testing and regulatory support to high-end brands, retailers and manufacturers in the Italian textile industry.

“The combination of Eurofins CPT and Lab Solution certainly enables both companies to strengthen their service scope within the textile and leather industries, where both companies stand out for their respective expertise,” says Luca Dibenedetto, Lab Solution managing director.

“Lab Solution, with the additional support of Eurofins CPT, will continue to provide high-level chemical, physical and environmental testing services and regulatory support to retailers, brands, manufacturers and their stakeholders across the textile and leather industries, benefitting from a now much wider portfolio and larger geographic coverage.”

Following the acquisition, the company will be referred to as ‘Eurofins|Lab Solution.’ 

Meanwhile, Eurofins CPT last week announced it has acquired AQM in a move that provides a “relevant, comprehensive range of product inspection and factory audit services in EMEA and Asia, significantly contributing to Eurofins’ continued growth plans and expansion into new fields and adjacent markets.”

Established in France, and subsequently moving to Shanghai, AQM conducts inspection and audits, corporate social responsibility and brand protection, mostly in Asia (China, Cambodia, Vietnam, Myanmar, India, Bangladesh, Pakistan), but also in EMEA (Europe, Turkey, Tunisia, Morocco and Ethiopia).

AQM is accredited by ICS and Amfori-BSCI and partners with brands on their social and environmental responsibility programmes – and will be referred to as ‘Eurofins|AQM.’

“As a result of this operation, Eurofins strengthens its position as a leading company in the TIC sector worldwide, now offering the widest service portfolio covering the global supply chain of retailers, brand owners and manufacturers across continents and consumer product industries,” says Stéphane Barrau, VP Eurofins CPT.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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