Eurofins Scientific recalls that on December 18, 2023, it signed an agreement (known as a 'MAPA') with SGS under which Eurofins was to acquire SGS's phytosanitary activities (or 'Crop Science Operations').

However, SGS issued a press release today stating that, despite the best efforts of both parties, not all closing conditions had been met, and that it intended to exercise its right of termination.

Eurofins states that it disputes the validity of the alleged termination, and considers that the 'MAPA' agreement remains 'fully in force'.

Eurofins remains committed to completing the acquisition of Crop Science Operations and is considering all options to ensure completion of the transaction," the company said.


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