Zentiva Extends Commercial Footprint By Completing Acquisition of CEE Business From Alvogen

/ -- Zentiva Group a.s. confirms the closing of its previously declared acquisition of Alvogen's Central and Eastern European (CEE) business. The deal adds to Zentiva's continuing organic growth, reinforcing Zentiva's commercial footprint in Poland, Romania and Bulgaria, and expanding its presence into additional new markets including Russia, Ukraine, Kazakhstan, Hungary, Croatia and West Balkans. As a result, Zentiva can now deliver an expanded product portfolio to millions more people across Europe and beyond.

"With this acquisition, we bring together two of the leading branded generic and OTC businesses in the CEE region," said Nick Haggar, Chief Executive Officer of Zentiva. "Our strengths and product portfolios complement each other perfectly, in line with Zentiva's growth strategy. With our continued expansion into new markets and our winning team, we can deliver more high-quality and affordable medicines that people need every day."
" Alvogen CEE markets over 200 branded generic and OTC products across multiple therapeutic areas, consisting of highly-recognized brands like Lactacyd, Persen, EuBiotic and many more with leading market positions in 14 key countries across CEE," said Hacho Hatchikian, newly appointed Head of Commercial CEE Region, Zentiva. "To join Zentiva is a great opportunity to become part of one of the leading companies in Europe, expand our footprint, and advance operational excellence, all dedicated to meeting the healthcare needs of millions of people."
About Zentiva