VTT to sell its testing operations to Eurofins Scientific
04 Jan 2018 --- VTT Technical Research Centre of Finland Ltd has entered into a binding agreement to sell its wholly-owned subsidiaries VTT Expert Services Ltd and Labtium Oy to Eurofins Scientific Group.
VTT CFO, Tanja Huoponen told FoodIngredientsFirst: “The sale of two subsidiaries supplying commercial testing, inspection and certification operations to Eurofins Scientific Group means that VTT can focus all of its efforts and funds to fulfilling VTT’s strategic goal to support innovation by science-based solutions and technology development.”
The acquisition will require a customary regulatory approval and is expected to close in the course of the first quarter of 2018. Further details related to transaction price are not publicly available information.
By Elizabeth Green
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