Interpretation of European chain lab mergers and acquisitions as King SYNLAB's layout

In Europe, SYNLAB International GmbH is a well-deserved chain of laboratory giants. Its laboratories are all over Europe, with a wide variety of tests and large tests, which eclipse competitors. Medical detectives talked to you about the "European nobility" today.

Founded in 1998, SYNLAB is headquartered in Augsburg, Germany, with branches in 35 countries, most of which are European countries, including Turkey, Saudi Arabia and Dubai, through subcontracting cooperation in Latin America. And North Africa can also see its experimental institutions. Its network of organizations includes approximately 300 branches, including 175 full-service laboratories, reference laboratories, small daily laboratories, and hospital laboratories. The company now has approximately 13,000 employees worldwide.

As the leader of European chain laboratories, SYNLAB's main business is human and veterinary drugs, environmental related testing, and more than 5,000 test items. Every day, all of its labs test a sample size of one million. On average, SYNLAB can provide more than 400 million diagnostic tests to nearly 50 million patients each year.

解读欧洲连锁实验室并购为王SYNLAB的版块布局

Fig 1. SYNLAB's laboratory map in Europe and Asia

解读欧洲连锁实验室并购为王SYNLAB的版块布局

Fig 2. SYNLAB laboratories at a glance

Merger and acquisition

In 1998, Dr. Bartl Wimmer founded the Association of Freelance Laboratory Physicians in Augsburg with a sales of 30 million euros, which is the predecessor of SYNLAB in the future;

In 2010, SYNLAB acquired a variety of laboratories in Europe, including Futurelab and Fleming Labs; and acquired MVZ Leverkusen Group to increase its market share in North Rhine Westphalia;

In 2011, SYNLAB received the Chambon in Prague, now renamed SYNLAB Genetics, one of the two commercial genetics laboratories in the Czech Republic, specializing in blood and tumor-related testing;

In 2012, the Swiss company SYNLAB acquired Bioanalitico, the largest private laboratory in Ticino (Switzerland);

By 2014, SYNLAB had an annual growth rate of 8.7% and a turnover of 756 million euros;

In May and October 2015, European investment giant Cinven took the LABCO and SYNLAB two chain laboratory groups respectively, and a European chain laboratory giant was born. The new company is headquartered in Munich, Germany, by Dr. Bartl Wimmer. As CEO, Philippe Charrier, the former CEO of LABCO, is the executive chairman of the combined company (now resigned).

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