May 14, 2018

Maine's largest publicly traded company will invest $62M in expansion

Photo / Peter Van Allen
Photo / Peter Van Allen
Officials at IDEXX Laboratories Inc. break ground last week on a $62 million expansion at One IDEXX Drive in Westbrook.

About IDEXX Laboratories

IDEXX Laboratories Inc. (NASDAQ: IDXX), founded in 1983 by David Shaw, is the largest Maine-based public company, with annual sales last year of $1.97 billion and market capitalization of $18 billion.

It is a leader in pet health care innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and build more economically successful practices.

IDEXX is also a worldwide leader in providing diagnostic tests and information for livestock and poultry and tests for the quality and safety of water and milk. Headquartered in Westbrook, IDEXX Laboratories employs more than 7,500 people and offers products to customers in over 175 countries.

IDEXX Laboratories Inc. broke ground last week on its planned, $62 million expansion at One IDEXX Drive in Westbrook.

The Synergy East facility, expected to open in late 2019, features a new multi-level, 135,000-square-foot expansion to the existing Synergy Center, which opened in 2014. Friday's groundbreaking was attended by Gov. Paul LePage and House Speaker Sara Gideon, D-Freeport, among others.

"It's so rewarding to see a company take off like IDEXX has. They are such an important institution to the state of Maine," LePage said. "By building these facilities and the laboratories … we are attracting younger people from across the country to come to Maine, and that is the future of Maine."

Jonathan Ayers, IDEXX CEO since 2002, thanked the project's supporters to date and employee community, remarking, "The groundbreaking of our Synergy East expansion is significant and is part of a long track record of investing billions of dollars over the last decade in Maine and in Westbrook."

The new facility, which will have capacity for 600 workers, will be LEED Gold Certified and contain many energy efficient design elements, such as solar panels, highly efficient HVAC and rainwater harvesting. Features include a 200-person conference room and best-in-class office and workstation design.

IDEXX's workspaces are designed with the idea that social connectedness fosters innovation and productivity, and include many open spaces and collaborative work areas, among other features. Opportunities for connecting are built into the new Synergy East design, in the same vein as the Synergy Center format and other workspaces across IDEXX's global footprint.


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