South Africa’s Imperial Holdings acquired a €46 million stake in Imres BV

It is reported that Imperial Holdings will buy 70% of Imres BV, a Dutch wholesaler of medical supplies, for €46 million in cash to expand its pharmaceutical distribution in Africa, the transport company said.

Imperial is looking to expand its distribution business for consumer goods and medical products in Africa. Although based in the Netherlands, Imres mainly targets Africa’s developing healthcare markets, Imperial said in a statement.

Imres has an annual revenue of around €60m.

Following the transaction, management of Imres will hold 30% of the company, Imperial said. Source: Mbedi