French fusion; Invivo and Evialis merge
Invivo, operating in the seed, agrobusiness and feed
industries became the reference shareholder of Evialis, the international animal
health and nutrition specialist in October 2007.
Following a thorough review of their economical and
competitive environment and of their respective organisations, both groups have
reached the conclusion that merging their businesses would be the most pertinent
Cited as reasons for the merge are;
â€¢ Market growth, although
unevenly throughout the world;
â€¢ France, particularly, and Europe more
generally, are facing stagnation when Asia, Latin America and Eastern Europe are
â€¢ Animal farming is under mounting regulatory pressure which, in
turn, applies to the Feed industry and pushes costs up;
expectations (quality, traceability, animal welfare, GMOâ€¦) are rising fast,
especially in Europe;
â€¢ Financial performance is, more than ever, a key
factor. From that stand point, critical mass is a must;
â€¢ R&D stands as
a critical asset for differentiation and progress.
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