Esteve acquires German pharmaceutical company RiemserChristian Fernsby ▼ | January 8, 2020
Esteve announced that they have come to an agreement to acquire all the shares of the German pharmaceutical company Riemser from Ardian.
Topics: Esteve acquire German pharmaceutical Riemser
Riemser operates a pharmaceutical manufacturing plant in Germany and has direct geographical presence in four of Europe's five major countries: Germany, United Kingdom, France, and Spain.
Over 80% of sales come from the hospital channel, providing specialty treatments and a wide range of pharmaceuticals in therapeutic niche areas. ESTEVE's purchase of Riemser will accelerate its transformation into a specialty pharma company with more than 60% of its sales coming from proprietary products; it will also give ESTEVE access to a high-growth sector- the hospital market. ■