Synlab Group

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SYNLAB Group
SYNLAB Logo.png
Type
limited liability company (GmbH)
Industry laboratories
Founded 2010 (1998)
Headquarters Munich, Germany
Products 500 million tests per year
Services diagnostics services for human and veterinary medicine, environmental
analysis and pharmaceutical industry
Revenue � 1.9 billion (2018)
Owner Mathieu Floreani
Number of employees
around 20,000
Website www.synlab.com/ Edit this on Wikidata
SYNLAB Group is an international medical diagnostics provider with laboratory
services for human and veterinary medicine as well as environmental analysis. The
company emerged from the combination of the two medical diagnostics providers Labco
and synlab. Headquartered in Munich, Germany, the company is present in more than
40 countries on four continents and employs around 20,000 employees. The company
achieved sales revenues of approximately Euro 1.9 billion in 2018.[1]

In total, more than 400 laboratories belong to the SYNLAB hub and spoke laboratory
network. The network comprises, among others, two European reference laboratories
situated near Stuttgart and Barcelona as well as 31 central laboratories which are
specialised and also run tests for other laboratories within the network. Regional
and emergency laboratories constitute the majority of the network.

Contents
1 Activities
2 Management
3 History
4 Owners
5 References
Activities
The company provides diagnostics services for human and veterinary medicine as well
as for environmental analysis and for the pharmaceutical industry. The SYNLAB
laboratories examine 450 million samples (e.g. urine, blood, tissue, soil, drinking
water) every year on the basis of around 5,000 different test parameters.
Approximately 50 new parameters are added each year.

The company provides laboratory services to patients, physicians, hospitals and

veterinary clinics as well as for the industry and for research institutions.[2]

SYNLAB`s multidisciplinary range of services includes in the field of human

medicine amongst others clinical chemistry, haematology, coagulation, microbiology,
serology, immunology, genetics, molecular biology, pathology, cytology,
endocrinology and maternity care.[3]

In addition, the company offers veterinary diagnostics for livestock, pets and
animals competing in professional sports. In diagnostics for the pharmaceutical
industry, SYNLAB collaborates with other companies and universities on drug
development and drug security. Regarding the areas of environment, food and hygiene
diagnostics, the company offers services with regard to air, water and soil
analytics as well as food and environment security among others.[4]

Management
Mathieu Floreani is the CEO of SYNLAB Group, who changed from DHL to SYNLAB in
2018. The former CEO and co-founder of synlab, Dr. Bartl Wimmer retired from this
position at the end of March 2018. Other members of the Management Board are Dr.
Santiago Valor (Chief Medical Officer), Sami Badarani (Chief Financial Officer),
Robert Steinwander (Chief Operating Officer), Luis Vieira (Chief Strategy Officer)
and Dr. Stuart Quin (Chief Commercial Officer).[5]

History
In 1998, together with his partners, Dr. Bartl Wimmer founded synlab GmbH in
Augsburg, Germany, as an "association of freelance laboratory physicians". In 2010
synlab took over the two laboratories Futurelab and Fleming Labs, which built the
basis for several further acquisitions. Synlab was acquired by the European private
equity Investor Cinven in 2015.[6]

Labco SA was founded in 2004 by a group of French biologists as a cooperation of

nine French laboratories. In 2007, Labco took over General Lab in Spain and
Portugal. In August 2015, the company was acquired by the European financial
investor Cinven.[7]

Since the end of 2015, the two companies are working together as SYNLAB Group.

Owners
In August 2015, the private equity company Cinven acquired French laboratory
service provider Labco.[8][9] In October 2015, Cinven took over the majority of
shares of SYNLAB and merged both companies to become SYNLAB Group.[10] Before,
private equity Company BC Partners was the majority shareholder of SYNLAB.[11] In
December 2016 Novo A/S acquired 10 % of SYNLAB shares,[12] which was increased to
about 20 % in 2017.[13]

References
GmbH, synlab International. "About: SYNLAB International GmbH". www.synlab.com (in
German). Retrieved 2017-04-27.
GmbH, synlab International. "About: SYNLAB International GmbH". www.synlab.com.
Retrieved 2017-04-27.
GmbH, synlab International. "About: SYNLAB International GmbH". www.synlab.com.
Retrieved 2017-04-27.
GmbH, synlab International. "About: SYNLAB International GmbH". www.synlab.com.
Retrieved 2017-04-27.
GmbH, synlab International. "About: SYNLAB International GmbH". www.synlab.com (in
German). Retrieved 2017-04-27.
Minster, Adam. "Cinven news - Cinven". www.cinven.com. Retrieved 2017-04-27.
Minster, Adam. "Cinven news - Cinven". www.cinven.com. Retrieved 2017-04-27.
"Investor Cinven kauft Labordienstleister Labco". GoingPublic.de - Das
Kapitalmarkt-Portal (in German). Retrieved 2017-04-27.
Minster, Adam. "Cinven news - Cinven". www.cinven.com. Retrieved 2017-04-27.
Minster, Adam. "Cinven news - Cinven". www.cinven.com. Retrieved 2017-04-27.
Bray, Chad (2015-06-26). "Cinven Agrees to Buy a Majority Stake in Synlab". The
New York Times. ISSN 0362-4331. Retrieved 2017-04-27.
"Novo exercises ist option for an equity stake in SYNLAB".
"Novo increases stake in SYNLAB" (PDF).
Categories: Commercial laboratoriesLaboratories in GermanyCompanies based in Munich
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