CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquires Citoxlab
Snapshot
CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired Citoxlab for €448 million in cash (approximately $510 million) in April 2019. The transaction was structured as all cash. Citoxlab is a France / Europe and North America-based Discovery and Safety Assessment (DSA) business.
- Acquirer
- CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
- Target
- Citoxlab
- Value
- €448 million in cash (approximately $510 million)
- Date
- April 2019
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired Citoxlab for €448 million in cash (approximately $510 million), a transaction completed in April 2019, structured as all cash.
Citoxlab operates in Discovery and Safety Assessment (DSA), is based in France / Europe and North America. Citoxlab was a non-clinical CRO providing safety assessment and related services, with operations across Europe and North America, founded over 50 years prior.
Citoxlab would expand and solidify Charles River's position as the leading global early-stage CRO by expanding its scientific portfolio and geographic footprint, which would enhance the Company's ability to partner with clients across the drug discovery and development continuum.
Expected non-GAAP EPS accretion of approximately $0.15 in 2019 and at least $0.35 in 2020 Discovery and Safety Assessment (DSA) segment
No advisory firms have been disclosed for this transaction.