Synlab Group Sells Synlab España to Eurofins
Deal News | Nov 05, 2024 | Iberian Lawyer
Gómez-Acebo & Pombo (GA_P), a notable law firm, has successfully advised Synlab Group in its divestiture of Synlab España to Eurofins Scientific. This strategic move is part of Synlab's ongoing initiative to consolidate its resources into high-potential markets that align with its sustainable development goals. In the fiscal year 2023, Synlab España significantly contributed approximately €140 million to Synlab Group's revenues. The internal team at Synlab, led by Dr. Peter Macheiner and Dr. Fabian Walla, oversaw the transaction process. The legal guidance was provided by GA_P’s expert team under the leadership of Pablo Fernández Cortijo and Diana Linage, with contributions from specialists across corporate, competition and EU Law, tax, labor, and intellectual property divisions. This transaction represents a major strategic adjustment for Synlab as they seek to enhance their market presence by focusing on promising sectors.
Sectors
- Medical Diagnostics
- Legal Services
Geography
- Spain – Synlab España, the Spanish unit of Synlab Group being divested as part of a strategic move, is located in Spain.
- Europe – The article refers to Synlab Group's operations that span across Europe, making this a relevant regional focus.
Industry
- Medical Diagnostics – The article discusses Synlab Group, a leader in medical diagnostic services, and its strategic divestiture of Synlab España.
- Legal Services – Gómez-Acebo & Pombo, a legal advisory firm, played a crucial role in facilitating the sale, emphasizing the importance of the legal services industry.
Financials
- 140 million – The approximate contribution of Synlab España to Synlab Group's revenues in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Synlab Group | Seller | Company | A leader in medical diagnostic services and specialized tests in Europe, responsible for selling Synlab España. |
| Eurofins Scientific | Buyer | Company | A significant player in the scientific testing industry, acquiring Synlab España from Synlab Group. |
| Gómez-Acebo & Pombo | Legal Advisor | Company | The legal firm advising Synlab Group on the divestment of its Spanish unit. |
| Dr. Peter Macheiner | Head of M&A and Procurement | People | Coordinated the transaction from within Synlab Group. |
| Dr. Fabian Walla | General Counsel and CCO | People | Managed legal oversight for the transaction at Synlab Group. |
| Pablo Fernández Cortijo | Coordinating Lawyer | People | Led the team from Gómez-Acebo & Pombo advising on the divestment. |