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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.

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