The takeover – detailed in a post on the Bombay Stock Exchange (BSE) will see Aurobindo’s Dutch subsidiary Agile Pharma BV buy Generis from current owners private equity investor Magnum Capital Partners.
The Hyderabad, India headquartered firm said the acquisition will consolidate its manufacturing operations in Portugal, which includes Aurovitas, Unipessoal LDA and Unipessoal Limitada.
SVP of European operations, Mr V Muralidharan, said the Amadora facility will allow it to “better serve both the Portuguese market and the broader European market, particularly with regard to small volume products.”
The deal is expected to complete in February.