SYNLAB, Europe’s leading medical diagnostics services provider, today announced the acquisition of Valencia-based Sistemas Genómicos of the Ascires Group, a laboratory spezialized in genetics and bioinformatics. The acquisition will reinforce and complement SYNLAB’s expertise and capabilities in genetics and accelerate the digital transformation of its diagnostic service offering.
With expected revenue of approximately EUR 20 million in 2021, Sistemas Genómicos is a key player in the Spanish diagnostics market. The laboratory has a strong track record in genetic sequencing as well as in molecular biology and genetics, with more than 20 years of experience and over 100 highly-qualified experts. More than that, the laboratory’s substantial expertise in bioinformatics – the software-supported analysis of biological data – makes it a frontrunner in the digital transformation of diagnostics.
Mathieu Floreani, CEO of the SYNLAB Group, underlines the strategic value of this acquisition: “Looking at the diagnostics market, genetic testing and counselling as well as the digitization and automation of diagnostic services bear vast growth potentials in the future. Sistemas Genómicos is the only laboratory on an international level that is certified to provide genetic analysis and diagnosis services during the entire human life cycle, and they are a leader in bioinformatics. Hence, they will perfectly enhance and complement the SYNLAB network. We are looking forward to welcoming our new colleagues, exchanging knowledge, and continuing our growth path together.”
CEO of Ascires Grupo Biomédico, Lorena Saus, highlights Ascires’ strategic rationale to focus on integrated precision medicine in both clinical and healthcare activities: “Ascires continues to focus on integrating genomic data with clinical information from diagnostic imaging and nuclear medicine, a core activity of the group for over 50 years. Thanks to extraordinary precision acquired through our longstanding expertise, Ascires has become a benchmark organisation in medical specialties such as neurology and cardiology. There is no doubt that Sistemas Genómicos’ integration into the SYNLAB network will be a catalyst for both companies and their excellent professionals”.
The acquisition of Sistemas Genómicos is part of SYNLAB’s ambitious M&A strategy. The company continues to pursue acquisitions focused on generating synergies, extending its network of laboratories and increasing its technological capacity, allowing it to complement its services as well as its patient and customer base. SYNLAB expects to spend more than €200 million on M&A in 2022.