NEW YORK(GenomeWeb) – Multinational testing services firm Intertek today announced it has acquired Swedish agricultural biotechnology firm ScanBi Diagnostics.
"Acquiring ScanBi Diagnostics is a significant enhancement to Interek's food an agricultural expertise and portfolio," Valentin Rossel, global agricultural services business line leader at Intertek, said in a statement. "By adding ScanBi Diagnostic's proven capabilities in testing, molecular biology, analytical testing, species identification, and other biotechnology expertise to our range of services, Intertek is expanding into new global markets."
Financial terms of the deal were not disclosed. Intertek has also acquired 50 percent ownership of Canadian agricultural testing firm Lynx Diagnostics as part of the transaction.
London-based Intertek provides auditing, inspection, testing, training, advisory, quality assurance, and certification for a variety of industries around the world.
Intertek will retain all ScanBi management and staff to continue business operations. The Malmo, Sweden-based firm provides DNA- and protein- based analysis and testing services to Nordic and international clients in the breeding, agricultural, agro-biotech, food and feed industries. ScaniBi's expertise includes genetically modified organism testing, genotyping, pathogen testing, and species identification, Intertek said.
"Intertek will enable us to more easily grow our business into new markets and service niches," Anders Dahlqvist, CEO of ScanBi, said.