Life Scientific to add 20 new jobs over five years
Announcement comes after Invivo signs agreement to take 50 per cent stake in firm
Nicola Mitchell, founder and CEO of Life Scientific with Laurent Martel, director of InVivo Agriculture Division and chairman of Life Scientific. Photograph: Des Harris/The Picture Desk.
Irish research and development firm Life Scientific is to double its workforce after a deal with French co-op Invivo was officially signed.
Life Scientific said it would create around 20 jobs over the next five years, mainly in research and development. The company specialises in off-patent crop protection products.
Under the deal, which was announced last year, Invivo will acquire a 50 per cent stake in the NoveUCD-based company. The value of the deal was undisclosed.
InVivo, which includes 223 farming co-operatives and employs around 8,800 people in 28 countries, formally signed the agreement at an event at the Irish Embassy in Paris this week. The co-op, which has a membership of more than 300,000 farmers, works to develop sustainable and profitable solutions to secure farmers’ production and revenue.
Founded in 1995 by Nicola Mitchell, Life Scientific is headquartered in NovaUCD and has an annual turnover of over €10 million.