LAG, established in 1993, headquartered in Spremberg (Germany), is a laboratory testing specialist in fuel, oil and environmental testing with a leading position in Southern Brandenburg and Northern Saxony regions. The company provides a wide range of environmental testing services including water, soil and air analysis with in-depth expertise in fuel, coal and oil analytics for clients in the mining, industrial and energy producing sectors.
SYNLAB is a leading laboratory service provider in Germany and Europe with 13,000 employees and revenues of ~ €1.5bn. SYNLAB offers a full range of medical laboratory services for practicing doctors, clinics and the pharmaceutical industry in more than 30 countries across four continents. In addition, the group operates laboratories for veterinary and environmental laboratory analysis.
The Clearwater International team was led by Managing Partner Markus Otto, Associate Director Gunther Haberkamm and supported by Daniel Stratenhoff and Anton Ulrich.
This transaction is the latest deal completed by Clearwater International’s healthcare team. Clearwater has built on its leading position in healthcare, having completed 68 transactions in this sector with €2.8bn transaction volume.
Dr Bartl Wimmer, CEO, SYNLAB Group said: “LAG’s seven new sites are an ideal addition for our network of laboratories in Saxony and Brandenburg. Moreover we can strengthen our activities in Northern Germany with the site in Hamburg. Especially the excellent know-how of the employees within the fields of power plant analytics as well as fuel analytics contributes to the extension of our services portfolio. Additionally, we can offer the customers of the acquired sites the comprehensive portfolio of SYNLAB Umweltinstitut with the branches environment, hygiene, food and pharma. In this way, we can further drive SYNLAB’s full service strategy.”
Markus Otto, Managing Partner, Clearwater International added: “LAG has a market leading position in its regions and opened further sites to further drive geographical expansion with palero subsidiary VPC. The outstanding competencies in complex analytical solutions meet highest requirements for clients from the mining and power generation sector combined with a comprehensive range of environmental analytical services for clients from other industries. We are delighted to provide supporting advice to palero portfolio company VPC on this high profile transaction. SYNLAB enjoys an outstanding reputation in the market and we have every confidence that LAG is in an excellent position to continue its success story together with SYNLAB.”