Venture Life Completes Acquisition Of PharmaSource

(Alliance News) - Venture Life Group PLC said Friday it has completed an acquisition of ...

Alliance News 24 January, 2020 | 12:56PM
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(Alliance News) - Venture Life Group PLC said Friday it has completed an acquisition of Netherlands-based development & distribution business PharmaSource BV.

The company, which develops, manufactures and commercialises products for the self-care market, had said in December it agreed to acquire PharmaSource for an initial consideration of EUR5.2 million and deferred contingent consideration of up to EUR1.3 million.

These payments would be funded entirely from Venture Life's existing cash resources, the company said, and the acquisition is expected to be immediately earnings accretive.

Venture Life shares were trading 6.0% lower in London at 34.30 pence each on Friday.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Venture Life Group PLC 32.80 GBX 0.00 -

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