Jul. 16, 2008
FRANKFURT - Andreae-Noris Zahn AG (ANZAG)(GER:ANZ)(FWB:FANZ) yesterday signed a share purchase agreement to acquire a 92-per-cent stake in Lithuanian pharmaceutical wholesaler JSC Armila. "By acquiring Armila, we are expanding our business in foreign markets, and so reducing our dependency on our home market of Germany, and our vulnerability to cyclical fluctuations here," says Thomas Trumper, Chairman of the Board of ANZAG.
With a market share of 13 per cent, Armila is one of Lithuania's largest pharmaceutical wholesalers. The company is headquartered in Vilnius, and also has sales offices in Kaunas, Klaipeda and Siauliai. Armila's 105 employees supply around 1,500 customers throughout Lithuania and the neighbouring Baltic States, most of them pharmacies and hospitals. In 2007, the company recorded sales of just over 62 million euros.
Armila's business model is - like that of ANZAG - based on forging strong relationships with independent pharmaceutical retailers. In 2006, it introduced a programme called "100 metu vaistine" ("100 years of pharmacy"), which 70 retailers have currently signed up to, among them the oldest pharmacy in Lithuania.
Ensuring ANZAG's future profitability
In recent years, the market for pharmaceuticals in Lithuania has seen consistent double-digit growth. Following recent acquisitions in Croatia and Romania, the purchase of Armila represents the latest stage in ANZAG's strategy to establish itself in carefully targeted high-growth markets.
"Returns on sales for pharmaceutical wholesalers in Germany have been falling for years now, and the possibility of further changes to the legal framework for the distribution of pharmaceuticals cannot be ruled out," says Trumper. "As a result, we are increasingly seeking to offset the risks to our business within Germany by expanding into other markets. The acquisition of Armila marks the next step in this successful strategy of working closely together with local management to exploit the potential of attractive, fast-growing European markets. At the same time, we remain true to our principles - we do not want to grow at any cost, but invest only where there is an opportunity to achieve good results by working with suitable partners."
For these reasons, Armila will continue to be run by its existing Lithuanian management team. "ANZAG always seeks to encourage entrepreneurial values, both in the way it cooperates with pharmacies and through its acquisitions strategy. I am convinced that the skill and long experience of the local management will ensure the company's success continues," says Trumper.
Comments Remigijus Mielinis, CEO of Armila: "Over the past few years, we have put in place a sustainable business model, but to keep growing, we need a strategic partner - and ANZAG represents the perfect choice. The combination of our in-depth knowledge of the market and strong customer relationships with ANZAG's quality of service and logistical expertise will allow us to achieve continued success."
About ANZAG
Andreae-Noris Zahn AG, or ANZAG, is one of Germany's leading pharmaceutical wholesalers. The company employs around 2,500 full-time staff and 158 trainees, and holds stakes in two companies outside Germany. In 2007, it recorded sales of 3.7 billion euros. With 24 sites throughout Germany, ANZAG has the country's most extensive distribution network. Through initiatives such as its vivesco programme, the company helps pharmaceutical retailers to remain competitive in a fast-changing market environment. ANZAG is listed in the General Standard of the Frankfurt Stock Exchange, with the ISIN number DE0005047005 and the stock symbol "ANZ".
SOURCE: Andreae-Noris Zahn AG
Andreae-Noris Zahn AG
Thomas Graf, Press Office & Corporate Communications
Tel. +49 (0)69 7920 3124
Fax +49 (0)69 7920 3429
Email: thomas.graf@anzag.de
Internet:
Services |
|
Toutes les formules traduction |
Basic |
Traduction + pointage : Communication interne • Courrier administratif ou privé |
|
Standard |
Traduction + pointage + relecture : Catalogues • Sites marchands • Brochure • TIC |
Premium |
Traduction spécialisée + pointage + relecture : Marketing-communication entreprise • Science et technique • Juridique |
Expert |
Premium + révision consultant : Brevets • Contrats • Communication institutionnelle |
Legalis |
traduction assermentée : Visas • Diplômes • Certificats • Actes notariés... |
Littéraire |
Traduction prête-à-publier : Littérature • Essais • Guides pratiques • Articles Internet & Presse • Sciences |
Audiovisuelle |
VOST et doublage : Films promotionnels • Nouvelles et interviews • Fictions & séries TV • Reportages et documentaires • Clips et vidéo-buzz
|
Toutes les options bénéficient de la garantie services d'agence |
All our translation formulas |
Basic |
Translation + Check: Internal communication • Administrative or private mail |
|
Standard |
Translation + Check + Second reading: Catalogues • Commercial site • Brochures • ITC |
Premium |
Specialised translation + Check + Second reading Enterprise marketing & Communication • Science & Technics • Legal |
Expert |
Premium + Consultant revision: Patents • Contracts • Corporate Communication |
Legalis |
Sworn translation: Visas • Diplomas • Certificates • Notarial Deeds... |
Literary |
Ready for print translation: Litterature • Essays • Practical Guides • Articles Web&Print • Sciences |
Audiovisual |
Subtitled original version & Dubbing: Advertorials • E-learning • TV news & Interviews • Fictions & TV series • Documentaries & Reportages • Clips & Video-buzz
|
All the above options are guaranted by our Agency |
Paketi prevođenja |
Basic
|
Prijevod + provjeravanje: Interna komunikacija • Poslovna ili privatna pisma |
|
Standard
|
Prijevod + provjeravanje + lektura: Katalozi • Web stranice • Brošure • ITC |
Premium |
Stručni prijevod + provjeravanje + lektura: Marketing-komunikacije • Znanstveno-tehnički • Pravni |
Expert |
Premium + pregled stručnog konzultanta: Organizacije, institucije, velike grupacije, prestižne marke |
Legalis |
Ovjereni prijevodi: Vize • Diplome • Svjedodžbe • javnobilježnički isprava |
Literarni |
Prijevodi spremni za objavljivanje: Literatura • Eseji • Praktični vodiči • Novinski članci • Web stranice s plaćenim pristupom • Znanost |
Audiovizualni |
Podnaslovom izvorne verzije i snimanje: Promotivni filmovi • E-učenje • TV vijesti & intervjue • Fikcija & TV serije • Reportaža & dokumentarni filmovi • Isječaka & Video-buzz |
Svaka formula u potpunosti je prilagođena specifičnim zahtjevima. |
Langues - Languages - Lingue - Idiomas - Sprachen - Jezici - Језици |
Albanais |
Albanian - Albanese - Albanés - Albanisch - Albanski - Албански - Gjuha Shqipe |
Allemand |
German - Tedesco - Alemán - Deutsch - Njemački - Немачки |
Anglais |
English - Inglese - Inglés - Englisch - Engleski - Енглески |
Arabe |
Arabic - Araba - Árabe - Arabisch - Arapski - Арапски - العربية |
Biélorusse |
Belarussian - Bielorusso - Bielorruso - Weißrussisch - Bjeloruski - Белоруски - Беларуская |
Bulgare |
Bulgarian - Bulgaro - Búlgaro - Bulgarisch - Bugarski - Бугарски - Български |
Catalan |
Catalan - Catalano - Catalán - Katalanisch - Katalonski - Каталонски - Català |
Chinois |
Chinese - Mandarino - Chino - Chinesisch - Kineski - Кинески - 中国语文 |
Croate Bosnien Monténégrin Serbe Serbo-croate/Croato-serbe |
Croatian - Croato - Croata - Kroatische - Hrvatski - Хрватски Bosnian - Bosniaco - Bosnio - Bosnisch - Bosanski - Бошњачки Montenegrin - Montenegrino - Montenegrino - Montenegrinisch - Crnogorski - Црногорски - Serbian - Serbo - Serbio - Serbisch - Srpski - Српски/Srpski Serbo-Croatian/Croato-serbian (BCMS - Bosnian Croatian Montenegrin Serbian) - Serbo-croato/Croato-serbo - Serbocroata/Croatoserbio - Serbokroatisch/Kroatoserbisch - Српскохрватски-Srpskohrvatski/Hrvatskosrpski-Хрватскoсрпски |
Espagnol |
Spanish/Castilian - Spagnolo/Castellano - Español/Castellano- Spanisch - Španjolski/kastiljski- Шпански/кастиљански |
Français |
French - Francese - Francés - Französisch - Francuski - Француски |
Géorgien |
Georgian - Georgiano - Georgiano - Georgisch - Gruzijski - Грузијски - ქართული ენა (kartuli ena) |
Grec |
Greek - Greco - Griego - Griechisch - Grčki - Грчки - Ελληνικά |
Hébreu |
Hebrew - Ebraico - Hebreo - Hebräisch - Hebrejski - Хебрејски - עִבְרִית |
Hongrois |
Hungarian - Ungherese - Húngaro - Ungarisch - Mađarski - Мађарски - Magyar nyelv |
Italien |
Italian - Italiano - Italiano - Italienisch - Talijanski/Italijanski - Италијански |
Japonais |
Japanese - Giapponese - Japonés - Japanisch - Japanski - Јапански - 日本語 |
Letton |
Latvian - Lettone - Letónico - Lettisch - Latvijski - Летонски - Latviešu valoda |
Lituanien |
Lithuanian - Lituano - Lituano - Litauisch - Литвански - Lietuvių kalba |
Macédonien |
Macedonian - Macedone - Macedonio - Mazedonisch - Makedonski - Македонски -македонски |
Néerlandais |
Dutch - Olandese - Neerlandés - Niederländisch - Nizozemski - Холандски - Nederlands |
Polonais |
Polish - Polacco - Polaco - Polnisch - Poljski - Пољски - Polski |
Portugais |
Portuguese - Portoghese - Portugués - Portugiesisch - Portugalski - Португалски - Português |
Roumain |
Romanian - Rumeno/Romeno - Rumano - Rumänisch - Rumunski - Румунски - Română |
Russe |
Russian - Russo - Ruso - Russisch - Ruski - Руски - Русский |
Slovaque |
Slovak - Slovacco - Eslovaco - Slowakisch - Slovački - Словачки - Slovenčina |
Slovène |
Slovenian - Sloveno - Esloveno - Slowenisch - Slovenski - Словеначки - Slovenščina |
Tchèque |
Czech - Checo - Ceco - Tschechisch - Češki - Чешки - Čeština |
Turc |
Turkish - Turco - Turco - Türkisch - Turski - Турски - Türkçe |
Ukrainien |
Ukrainian - Ucraino - Ucraniano - Ukrainisch - Ukrajinski - Украјински - Українська |
Traducteurs internes - Nous pouvons également fournir d'autres langues sur demande.
Internal translators - We can also provide other languages on demand. Podcrtano: obavlja se unutar tvrtke - Lingua Veritas čini sve kako bi zadovoljila novom zahtjevu : traži odgovarajućeg prevoditelja u svezi s određenim projektom uz preliminarni test. |