Celesio AG, headquartered in Stuttgart, Germany, is a provider of logistics and services in the pharmaceutical and healthcare sector. Movianto specializes in third-party logistics for the pharmaceutical and medical device industries.
The purchase price is $158 million.
Owens & Minor plans to integrate Movianto with its U.S.-based, third-party logistics service, and plans to keep the Movianto teams and logistics centers located across Europe intact.
“The intended acquisition of Movianto provides Owens & Minor with a premier European healthcare logistics franchise, enabling us to significantly expand our existing third-party logistics presence and scale,” said Craig Smith, president and CEO of Owens & Minor, in the release. “Our manufacturer partners have increasingly expressed interest in working with Owens & Minor on a global basis, and Movianto provides us with an exceptional platform from which to serve them. Owens & Minor looks forward to working with the Movianto and Celesio teams to serve customers and create long-term value.”
Owens & Minor is headquartered in Richmond, Va.
Related Articles on Company Acquisitions:
Teleflex Acquires Hotspur Technologies
Tecomet to Acquire Teleflex OEM Orthopedics Business for $45M
Mindray Medical Completes Acquisition of Dragonbio’s Orthopedics Business
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
