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Towa Expands Internationally With Esteve’s Pensa

All-Cash €320m Deal Offers Access To Europe And US

 
• By Dave Wallace

Japan’s Towa has struck a deal to acquire the Pensa Investments generics division of Spain’s Esteve in an all-cash transaction worth €320m. The acquisition gives Towa access to the Spanish market as well as subsidiaries in Europe and the US.

Japan - Spain
Japan’s Towa will gain access to Spain – and more widely Europe and the US • Source: Shutterstock

Japan’s Towa has struck a deal with Spain’s Esteve to acquire its Pensa Investments generics business for €320m ($359m) in an all-cash upfront-payment transaction that is scheduled to close by the end of January.

Stating that the acquisition would “accelerate Towa’s overseas business presence,” the firm noted that it would gain access to European and US commercial units including a manufacturing factory in Martorelles, Spain that

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