Ivry sur Seine, France: Pharmaceutical logistics provider EHDH is to finalise the acquisition of pharma distribution company Movianto from Owens & Minor in the first half of 2020.
EHDH claims that the move would create the “European leader in transport and logistics services dedicated to the pharmaceutical sector”.
The proposed transaction fits with the strategy and vision of both groups. EHDH would be able to leverage Movianto’s geographical coverage, reputation and resources to offer the first one-stop-shop logistics solution throughout Europe.
Stéphane Baudry, chief executive, EHDH said: “The quality of operations, the solid reputation and the values of Movianto are perfectly consistent with EHDH. This opportunity comes at a key moment in our development and in response to market demand for a single contact to handle all logistics and transport services at European level.”
The proposed acquisition is subject to ordinary closing conditions, regulatory approvals and mandatory works council discussions.
