Lyon, June 1, 2023 – SynTech Research Group has completed the acquisition of the Bayer Crop Science Residue Analysis Laboratory in Lyon, France. The two companies had presented an acquisition project in November 2022. All necessary regulatory approvals and closing conditions are now satisfied.
Through this acquisition, SynTech Research Group, a leading global agricultural contract research, will develop and complete its service offering for residue analysis and offer its customers a complete package of services in Europe. Already present in USA and Brazil for residue analysis, SynTech Research Group aims to become the world leader in this activity. This provides improved future development prospects to the laboratory, which holds the potential to become the European regional center of excellence for Product Safety Services.
« The acquisition of the Bayer Crop Science laboratory allows us to offer our customers a comprehensive residue offer (field, laboratory and study management) worldwide around three laboratories: Stilwell (USA), Piracicaba (Brazil) and Lyon (France). We are delighted to welcome our new colleagues from Lyon, their expertise will be a major asset in developing our residue activity in Europe and around the world. » Yvonnick Jambon, CEO SynTech Research Group.
Bayer is now a privileged partner through the establishment of long-term collaboration contracts, which allow to maintain operational processes and business continuity of activities.
« We thank the employees of the Lyon Residue Laboratory for their excellent engagement and solid expertise over many years with Bayer and wish them well in the new endeavour with SynTech”. Martina Preu, Head of Human Safety, Bayer.