Stirling Square snags Eurofins’ digital testing business

• Eurofins Digital Testing was established in 2015 and has grown in size and profitability via organic growth, strategic investments and bolt-on acquisitions
• It provides global testing, quality assurance and technical analysis of digital systems, devices, content and cyber security
• Eurofins will use the proceeds to invest in its laboratories, digitalisation and acquisitions

Stirling Square Capital Partners announced on Monday that it has reached an agreement with Eurofins Scientific to buy Eurofins Digital Testing for €220 million on a cash and debt free basis.

Eurofins Digital Testing was established in 2015 and provides global testing, quality assurance and technical analysis of digital systems, devices, content and cyber security. The entity, based in Hasselt, Belgium, has grown in size and profitability via a combination of organic growth, strategic investments and bolt-on acquisitions.

“Over the last seven years, Eurofins Digital Testing has successfully grown to become a recognised leader in its space,” said Gilles Martin, CEO of Eurofins. “In order to facilitate its further development, we have decided to pass the ownership of the business to Stirling Square.”

Eurofins, headquartered in Luxembourg, will use proceeds from the sale to invest in its laboratories, digitalisation and acquisitions.

Stirling Square Capital Partners is based in London and was established in 2002 as a pan-European private equity firm. It invests in mid-market companies with an enterprise value of €100 million to €500 million. The firm has over €2.5 billion in assets under management.