Dr Reddy's completes acquisition of betapharm

Published: 6-Mar-2006

Emerging global pharmaceutical company Dr Reddy's Laboratories, based in India, has completed the acquisition of 100% of betapharm Group, the fourth-largest generic pharmaceuticals company in Germany, for a total enterprise value of €480m in cash.


Emerging global pharmaceutical company Dr Reddy's Laboratories, based in India, has completed the acquisition of 100% of betapharm Group, the fourth-largest generic pharmaceuticals company in Germany, for a total enterprise value of €480m in cash.

'The strategic investment in betapharm is a step forward towards realising Dr Reddy's strategic intention of building a global generics business with strategic presence in all key markets,' said Satish Reddy, chief operating officer, Dr Reddy's Laboratories.

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