United Drug to buy Spain’s Expansis for €12m

United Drug has reached agreement to buy Spanish company Expansis for a maximum consideration of €12m.

The addition of the Madrid-based contract sales business is being viewed as a natural complement to United’s Pharmexx Spain unit, which it inherited as part of its 2012 €35m takeover of Pharmexx GmbH.

The Expansis deal is dependent on approval from the Spanish competition authorities, but is expected to formally conclude before the end of September.