Esteve acquires German proprietary, specialty, hospital-focused company Riemser and expands its presence in Europe

The acquisition provides Esteve with greater pharmaceutical presence in Europe's main markets and a portfolio of proprietary specialty products for hospital use.

Headquartered in Berlin (Germany), Riemser has subsidiaries in the United Kingdom, France, and Spain and is present in nearly 50 countries through alliances with third parties.

BARCELONA, Spainand BERLIN, Jan. 8, 2020 /PRNewswire/ --A ESTEVE announced today that they have come to an agreement to acquire all the shares of the German pharmaceutical company Riemser from Ardian, a world-leading private investment house. Headquartered in Berlin, Riemser has a diversified portfolio of products with the 3 main therapeutic areas being: oncology, neurology and niche therapies. 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.A Over 80% of sales come from the hospital channel, providing specialty treatments and aA 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 a?? the hospital market.Staffan SchA 1/4 berg, CEO of ESTEVE, said: "This acquisition is a meaningful contribution to our strategic path towards making Esteve much more of an international proprietary, specialty pharma company. Riemser contributes both knowledge and experience in the European hospital market, in addition to pharmaceutical activity in four of the major European markets - Germany, United Kingdom, France and Spain. Riemser's presence and facilities in these geographically important markets provide a significant growth potential for Esteve and we will, as a combined entity with Riemser, continue our quest for further expansion."
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