The Hindu Business Line : Strides' new venture buys Oslo co

The newly formed joint venture of Strides Arcolab and Invent Farma has acquired Farma Plus of Norway for an undisclosed sum, Strides said in a release here on Thursday. Oslo-based Farma Plus is an emerging player in hospital products in the Scandinavian market. The acquisition was done through the 50:50 venture Plus Farma ehf. It entered into a 100 per cent share purchase agreement with the Oslo-based Farma Plus.

Farma Plus will drive the growth strategies of both Strides and the Iceland-based Invent Farma in the Scandinavian countries, according to Mr Arun Kumar, Vice-Chairman and Managing Director of Strides Arcolab, and Mr Jose Luis Malagarriga, CEO of Invent Farma.

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