Apotex sells European operations across five countries to Aurobindo

By zaymalz malz

Toronto-based Apotex, the largest producer of generic drugs in Canada, has agreed to sell its operations spanning five different European countries to Hydebrad-headquartered pharmaceutical manufacturing firm Aurobindo.

The deal, valued at €74mn (CAD$114mn), will see Aurobindo acquiring Apotex’s commercial operations across Poland, the Czech Republic, Spain, Belgium and the Netherlands, significantly bolstering its European presence.

See also:

“Acquiring Apotex' businesses in these key five countries will allow us to further expand our product offering, including OTC medicines in the Netherlands, and considerably strengthen our position in Eastern Europe,” said Venugopalan Muralidharan, Senior Vice President of European Operations, Aurobindo. 

Meanwhile, the sale will allow Apotex to focus its attention more readily across its core markets in the Americas.

“This is a positive move for our organization and enables us to further accelerate our efforts to drive additional growth in the Americas, while also creating manufacturing capacity to meet growing demand,” said Jeff Watson, President & Chief Operating Officer, Apotex.

As part of the deal, Apotex has agreed to a manufacturing and supply arrangement to support the transitional period that will occur as a result of these changes.


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital