Eurofins to acquire Genetic Testing Service JSC and enter the clinical genetic testing market in Vietnam
On February 9, Genetic Testing Services Joint Stock Company (GENTIS) officially announced its joining as a member of Eurofins Group - the world's largest medical group, becoming a foreign-invested enterprise.
Signing ceremony agreement between GENTIS and Eurofins in Vietnam
The signing ceremony of a cooperation agreement between GENTIS and Eurofins Group was solemnly held at the headquarters of GENTIS Hanoi with the participation of representatives of the two sides: Mr. Do Manh Ha - General Director of GENTIS. Mr. Nguyen Nam Thanh - Director of Eurofins in Vietnam, Thailand, and the Philippines; Mr. Nguyen Anh Vu - Director of M&A, Southeast Asia and members of the Board of Directors of the two sides.
The two sides signed cooperation documents and officially announced Gentis's joining as a member of Eurofins Group, becoming a foreign-invested medical enterprise. This is one of the strategic steps of GENTIS in the development phase to become a foreign-invested enterprise and build a prestigious multinational brand in the field of testing. By joining a member of Eurofins Group, GENTIS promises to further develop, expand its scope of activities in the international arena and bring high-quality testing services closer to the people of the country.
Mr. Nguyen Nam Thanh - new Chairman of the Board of Directors of GENTIS
At the ceremony, new members of the Board of Directors were also elected. In which, Mr. Nguyen Nam Thanh was elected as the new Chairman of the Board of Directors of GENTIS, the remaining members of the Board of Directors include Mr. Do Manh Ha, Mr. Hoang Duc Hung, Mr. Ngo Ba Binh, Ms. Jessica Chua.
Eurofins of significant support that specialized genetic testing to critical healthcare needs such as the detection of cancers, the detection of chromosomal disorders during pregnancy, and the genetic disorders, is the growth opportunity. This acquisition will accelerate Eurofins’ strategy to expand further into these markets and expand its presence in South East Asia more broadly. Gentis has a highly successful test and product menu, which will benefit from the Eurofins network's broad menu of genetic and genomic tests and its access to additional markets.
“I am looking forward to welcoming Gentis and its highly qualified and dedicated team to the Eurofins network,” commented Dr. Gilles Martin, Eurofins CEO. “This acquisition demonstrates our commitment to provide testing solutions to meet critical health, wellness and genetic challenges. It also supports our growth strategies in both Asia and advanced specialized clinical diagnostics”
After the signing event, Mr. Do Manh Ha - General Director of GENTIS shared: "We are very pleased and proud to be a member of a large medical group in the world. A member of Eurofins Group is one of the new steps forward, promising development, expanding the scope of activities in the international arena and bringing high-quality testing services closer to the Vietnamese people."
Mr. Do Manh Ha - General Director of GENTIS
Read more about and download our official press release
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Eurofins Scientific ("Eurofins"), a global scientific leader in bioanalytical testing and clinical diagnostics testing, announces that its subsidiary, Eurofins Clinical Testing Lux Sarl, has acquired Genetic Testing Service JSC (“Gentis”), a pioneer in genetic testing in Vietnam. The acquisition will further enhance Eurofins’ expansion in Asia and complement its global network of clinical diagnostics laboratories focused on specialized and advanced genetic testing. GENTIS is the market leader in specialized genetic analysis in Vietnam and was founded on the desire that everyone can access technological advancements in DNA testing at affordable prices. The company offers specialized DNA testing services including obstetric genetics; blood DNA testing, oncology; and COVID-19. Since its establishment 12 years ago, GENTIS has grown strongly with its reputation and outstanding quality and has become a trusted service provider for nearly 300,000 customers and more than 100 partners who are major hospitals in Vietnam. Vietnam as well as consumers such as Obstetrics and Gynecology National Hospital, Hanoi Obstetrics and Gynecology Hospital, Hanoi Oncology Hospital, Bach Mai Hospital... |
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