THE SPANISH PHARMACEUTICAL GROUP EXELTIS ACQUIRES 100% OF THE TURKISH COMPANY EMBIL
- The deal sets the entry of the Spanish company into the Turkish market and is part of its strategic objective of acquiring an international scale.
- It will increase Exeltis sales thanks to its improved portfolio of products specialised in women's health.
Madrid, 13 November 2014. Exeltis, a branch of the pharmaceutical Grupo Chemo, has acquired 100% of the Turkish pharmaceutical Embil. The deal is the biggest acquisition ever by Exeltis abroad. It also represents the entry of the Spanish company into Turkey, a market of great potential due to its population and its high proportion of young people (nearly a third are under 15 years of age).
The deal is part of Exeltis's Strategic Plan that aims to consolidate its international development. Following its acquisitions in India, Indonesia and the United States, the company already has a presence in more than 40 countries, thanks to 30 subsidiaries in key markets and its extensive global manufacturing network in Europe, America and Asia.
Embil was founded 90 years ago. It is one of the largest pharmaceutical producers in Turkey, 16.6 million Euros net sales in 2013. It employs 200 workers and has two production plants located in the Turkish cities of Bomonti and Çerkezköy, the latter opened in 2012.
The integration of Embil in Exeltis leads to significant synergies, as it provides a significant complement for the company's women's health portfolio. With the incorporation of Embil, Exeltis expects to increase its turnover over the coming years.
Leandro Sigman, Managing Director of Grupo Chemo, explained that "This movement is a decisive step in the growth strategy of Exeltis as it responds to the company's goal of international expansion, reinforcing our extensive product portfolio, which covers areas ranging from women's health to dermatology and ophthalmology".
Sigman also highlighted the value of Turkey as a key market for the pharmaceutical industry, with a population of over 80 million and 99% health coverage. That is why Exeltis has plans to undertake a number of investment projects in the country in the short term.
Following this operation, Grupo Chemo, with sales of over 1 billion dollars (785 million euros), has strengthened its international presence. Chemo is a Spanish corporation that has been active for more than 35 years at all levels of the chemical-pharmaceutical industry.
The Group's activity is divided into three synergistic business areas: Industrial (Chemo), Brand (Exeltis) and Biotechnology (mAbxience). It has over 5,000 professionals in more than 40 countries on four continents, 10 manufacturing plants, nine specialised R&D centres, 12 branch offices and 33 affiliate pharmaceutical companies, with 1,150 clients in 96 countries around the world.
In addition, the Group recently strengthened its commitment to the Spanish market through its division mAbxience, which specialises in the development and manufacture of biosimilars, by acquiring 100% of the Genhelix biopharmaceutical plant (León).
After more than two decades in the market, last year the brand ExeltisTM was created as a result of the sustained growth of the pharmaceutical business of the Chemo group brand. Exeltis thus combines the knowledge and experience of the group's 35-plus years with innovative spirit, diversity and excellence as major values. With a presence in more than 40 countries, 4,000 employees, over 30 affiliates around the world, and a global manufacturing network in Europe, America and Asia, it is now an organisation with a great capacity to develop, produce and deliver treatment to millions of people around the world.
LLORENTE & CUENCA contact
91 563 77 22 (ext. 207)
Chemo press contact
91 771 15 00