The Hyderabad-based Aurobindo Pharma has acquired TAD Italy, a generic Italian company with 70 ready to market products. The acquisition will help Aurobindo enter into the Italian generic market, in a big way.The size of the deal was not disclosed.
During the integration process, Aurobindo expect to derive maximum synergies from the acquisition by shifting the manufacturing of TAD's products to its own facilities in Hyderabad, the company said in a press release.
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