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Hikma expands injectables capacity with acquisition of Xellia's US assets

Jun 20, 2024over 1 year ago

Acquiring Company

Hikma Pharmaceuticals PLC

Acquired Company

Xellia

LondonDenmarkManufacturing

Description

Hikma, a London-based generics maker, has agreed to acquire parts of Xellia's U.S. assets, including the manufacturing facility in Cleveland. The acquisition will bolster Hikma's U.S. injectable manufacturing capabilities and portfolio, adding significant scale to its operations and complex technologies. This strategic move is part of Hikma's commitment to enhancing its productivity, expanding into the CDMO business, and strengthening its position in the market.

Company Information

Company

Hikma Pharmaceuticals PLC

Location

London, Ontario, Canada

About

Hikma helps put better health within reach every day for millions of people around the world. For more than 45 years, they've been creating high-quality medicines and making them accessible. Headquartered in the UK, Hikma has a global presence and focuses on transforming cutting-edge science into innovative solutions. Their range includes both branded and non-branded generic medicines.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed