SAUDI ARABIA – Eurofins Scientific, a French group of laboratories, has entered into a partnership with the shareholders of Saudi Ajal to successfully complete the acquisition of a majority stake in Ajal for Laboratories, a food testing laboratory based in Riyadh, Kingdom of Saudi Arabia (KSA).
Having worked together closely in the past, Eurofins and Ajal for Laboratories’ partnership will be further strengthened through this transaction.
Ajal for Laboratories is one of the leading food and pharmaceutical testing laboratories in the KSA and the Gulf Cooperation Council area, generating around €15m (USD 16,121,025) revenue in 2021.
It was established in 2009 to be pioneers in testing of comprehensive product safety requirements and to be an effective quality assurance tool to improve the individual and community lifestyle.
The laboratory comprises a 3,000 m² footprint and is equipped with state-of-the-art testing equipment and technology, facilitating Gas chromatography–mass spectrometry (GC-MS) and Liquid chromatography–mass spectrometry (LC–MS) analytical techniques among others.
In addition to having achieved ISO17025 accreditation, the laboratory is one of the few laboratories in the KSA to be approved by the Saudi Food and Drug Authority (SFDA) and the Ministry of the Environment, Water and Agriculture, according to Business Wire.
Ajal for Laboratories was established in 2009 and has since grown quickly under the leadership of its Managing Director, Mohammed Al Soghaier, and its Chairman, Mohammed Al Sultan, to become one of the leading food and pharmaceutical laboratories in the region.
This is Eurofins’ first acquisition in the Kingdom of Saudi Arabia and represents a commitment to building a network of local and regional laboratories to support customers in the Middle East, and the rapidly growing food production sectors in the KSA.
With 58,000 staff across a decentralized and entrepreneurial network of 900 laboratories in 54 countries, Eurofins offers a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of a wide range of products.
The Group’s objective is to provide its customers with high-quality services, innovative solutions and accurate results on time.
Eurofins is ideally positioned to support its clients’ increasingly stringent quality and safety standards and the increasing demands of regulatory authorities.