Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Acquisition 02 Apr 2015

Dr Reddy’s agrees to acquire UCB business in India for Rs800 crore

One of India’s leading drugmaker companies, Dr Reddy’s Laboratories has announced entering into a definitive agreement to acquire Belgium based pharmaceutical firm UCB for a selected portfolio

Renowned Indian drugmaker, Dr Reddy's Laboratories, has agreed to enter into a definitive agreement with Belgium based pharmaceutical firm UCB in India to acquire a select portfolio for Rs 800 crore.

Reportedly, in a recent statement released by Dr Reddy said the acquisition is on a slump sale basis and the established products business of UCB would cover the territories of India and neighbouring countries like Nepal, Sri Lanka and Maldives.
The brand has also made it vocal that the transaction includes about 350 employees engaged in operations of UCB's India business and the revenue of the acquired business was approx Rs 150 crore for calendar year 2014.

Significantly, the Indian drugmaker said the acquisition of UCB's existing brand equity in the areas of dermatology, respiratory and paediatrics diseases will further expand Dr Reddy's therapy footprint into these fast growing areas. The transaction is expected to be closed in the first quarter of the financial year 2015-16.
"The acquired UCB portfolio shall accelerate Dr Reddy's presence in the high growth areas of dermatology, respiratory and paediatrics with market leading brands like Atarax, Nootropil, Zyrtec, Xyzal, Xyzal M etc," said Alok Sonig, Senior Vice President and India Business Head.

Meanwhile, Mark McDade, Chief Operating Officer (COO), UCB said, "Finding the right company for our established brands in India was crucial, and Dr. Reddy's knowledge of the local market, combined with their ambitious plans and excellent reputation, convinced us they were the right choice to drive this business forward."

McDade Further added, "This position allows us to enhance our focus on our key neurology portfolio in India, providing innovative solutions to patients living with severe diseases."

Listed on Euronext Brussels, UCB has operations in almost 40 countries across the globe with revenues of 3.3 billion Euros in 2014.

Comment
Related opportunities
  • About Us Elysium Academy -a venture of Elysium Group,is well-established and..
    Locations looking for expansion Tamil Nadu
    Establishment year 1999
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nagapattinam Tamil Nadu
  • Laundry & Dry Cleaning
    Be a part of the booming on-demand laundry service industry..
    Locations looking for expansion Karnataka
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  • We  at Doxa provide a wide range of services, from serviced..
    Locations looking for expansion Tamil Nadu
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 2 Cr. - 5 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Ice creams & Yogurt Parlors
    About:Started by an enterprising couple in the 1980s, Gopal’s 56..
    Locations looking for expansion New Delhi
    Establishment year 1980
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150 - 200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories