United Drug acquires contract sales arm of Celesio for €35m

United Drug has acquired the contract sales arm of German healthcare and pharmaceutical company Celesio, for €35m.

The transaction — due to be completed by the end of August pending regulatory clearance — marks the Irish healthcare services group’s second significant acquisition in a month.

The company being bought is Pharmexx GmbH which operates across 18 countries in Europe and the Americas, employing more than 2,300 people.