Raisio to Divest Diagnostics
The diagnostics business develops, produces and markets rapid diagnostic tests and analytical systems used to monitor the safety and quality of food and animal feed. Raisio has invested strongly in new innovative industrial diagnostics methods.
16/01/07 Raisio’s Board of Directors has decided that the company will divest its diagnostics business. In 2006 turnover from diagnostics totalled approx. EUR 9.0 million (EUR 8.8 million in 2005) and it employs some 75 people in seven countries.
The diagnostics business develops, produces and markets rapid diagnostic tests and analytical systems used to monitor the safety and quality of food and animal feed. Especially pathogen testing and use of modern rapid testing methods are increasing within the food sector. Raisio has invested strongly in new innovative industrial diagnostics methods.
Raisio’s CEO Matti Rihko says: “Raisio’s main target for 2007 is to improve profitability. The decision to divest the diagnostics, which is a niche business generating few synergies with Raisio’s other businesses, is part of Raisio’s strategic policy. Strong consolidation has characterised the food diagnostics market in recent years. We are now looking for a new owner that can ensure business growth in industrial diagnostics and aim to complete the transaction in the first half of 2007.”
