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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