Dr. Reddy's Laboratories Acquires Nimbus Health GmbH
February 22, 2022
Dr. Reddy's Laboratories has entered into a definitive agreement to acquire German medical cannabis pioneer Nimbus Health GmbH. Nimbus, a licensed pharmaceutical wholesaler and manufacturer based in Frankfurt, will provide Dr. Reddy's with medical-cannabis manufacturing, importing and distribution capabilities to accelerate growth in Europe.
- Buyers
- Dr. Reddy's Laboratories
- Targets
- Nimbus Health GmbH
- Sellers
- Founders (Linus Maximilian Weber, Dr. Alessandro Rossoni), Mavericks Founders (angel syndicate), Other Nimbus shareholders
- Industry
- Pharmaceuticals
- Location
- Hesse, Germany
- Transaction Type
- Buyout
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