Ipsen International GmbH has acquired the remaining 49% of the Wesman Ipsen joint venture. The joint venture between Ipsen and the Indian Wesman Group has been in existence since 1994 and is currently well established in India. With the signing of the contract, Ipsen has secured the remaining shares of this joint venture, resulting in a 100% Ipsen-owned operational base in India. The authorities in India have approved the transaction.
According to Ipsen, India offers great potential for international growth. The aim of the acquisition is to help introduce the Ipsen brand to markets that value its products. The company has production sites in Europe, Asia and the United States, with representatives in 34 countries.
Ipsen Expanding with Full Ownership in India
October 2, 2008