Global professional services consultancy Coffey International Limited ((ASX:COF) ("Coffey") today announced it has signed an agreement to sell 100 per cent of the fixed assets and going business concern of MPL Laboratories Pty Ltd ("MPL"), an analytical laboratory business based in Myaree, Western Australia to Envirolab Services Pty Ltd ("Envirolab").

MPL provides analytical laboratory services in the areas of inorganic and organic chemistry, microbiology, asbestos and air monitoring. It employs around 30 staff and is a NATA accredited laboratory. In the financial year ended 30 June 2009, MPL generated revenues of just under A$4 million.

The decision by Coffey to sell MPL is strategic; the company does not wish to be a leader in the analytical laboratory services sector.

Purchaser Envirolab is a privately owned Australian company based in Sydney looking to enter the Western Australian market and grow its presence there.