Takeda to Acquire Multilab in Brazil
Takeda has an established presence in Brazil. The acquisition of Multilab will position Takeda as one of the top ten pharmaceutical companies in Brazil.
Takeda Pharmaceutical Company Limited (Osaka, Japan, "Takeda") and Multilab Industria e Comercio de Produtos Farmaceuticos Ltda. (Rio Grande do Sul, Brazil, "Multilab") have signed an agreement whereby Takeda Farmaceutica Brasil Ltda. (Sao Paulo, Brazil, "Takeda Brazil"), a wholly-owned subsidiary of Takeda, aims to acquire Multilab.
Takeda expects that the transaction will be finalized by the end of 2Q of its fiscal year 2012.
Takeda Brazil will acquire Multilab in cash for Brazilian Real (BRL) 500 million upfront and up to BRL 40 million in additional future milestone payments to the owners of Multilab.
Multilab is a mid-sized pharmaceutical company with annual net revenues of BRL 1
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