In a bid to expand its liquid pharmaceutical processing and packaging portfolio, Syntegon is acquiring Azbil Telstar, a manufacturer and supplier of global life and health science equipment, and utilizing its loading, unloading, and freeze-drying technologies.
Azbil Telstar is part of Azbil Corporation, which is listed on the Tokyo Stock Exchange Prime Market. Its production plants are located in Spain, China, and the UK, and it serves global pharma, life science, and medtech companies – especially customers in Southern and Western Europe, the United States, and India.
These solutions include loading and unloading systems, including comprehensive services; and freeze-dryers, designed to preserve antibiotics, vaccines, biologics, and other drugs in the long term. Together, such technologies are considered Syntegon’s ‘most important’ portfolio enhancements and are intended to complement its vial filling and isolator solutions.
Through its integration with the Syntegon Group, Telstar is expected to unlock growth opportunitiyes and benefit from complete pharmaceutical processing and packaging technology solutions. Meanwhile, Syntegon hopes to provide pharmaceutical manufacturers and CMOs with ‘seamless’ line solutions from a single source.
Telstar service engineers are also anticipated to expand the geographical coverage, proximity, and application expertise of Syntegon’s service network.
The transaction is subject to regulatory approval, with Syntegon and Azbil signing an agreement not to disclose any financial details.
“Syntegon is world market leader in liquid vial filling,” says Torsten Türling, CEO of the Syntegon Group. “With the acquisition of Telstar, we will enhance our portfolio of innovative technologies and many successful references in the market.
“Our customers will benefit from even more comprehensive solutions, seamless processes, and lifecycle services. At the same time, we can jointly capture growth opportunities and expand our market presence.”
Kiyohiro Yamamoto, president and Group CEO of Azbil, continued: “Azbil has been strengthening its product capabilities, particularly in loading systems, and enhancing the overall competitiveness of Telstar since the acquisition in 2013.
“Now Azbil has decided to transfer Telstar to the company we consider best to further drive Telstar’s business. We are convinced that Syntegon will make the best use of the accumulated technological capabilities and products and will achieve sustainable growth.”
“For Telstar, the incorporation into the Syntegon Group represents a great opportunity to ensure stable business development and future growth,” adds Jordi Puig, CEO of Telstar. “We look forward to bringing our knowledge, expertise, and high-value technologies for aseptic manufacturing to the joint portfolio and to becoming part of the Syntegon team, backed by a shared business culture.”
Last year, Wendel signed an agreement to sell Constantia Flexibles – a partner to over 4,000 pharmaceutical, food, and consumer goods customers – with anticipated net proceeds of around €1,097 million. The acquisition was completed by an affiliate of One Rock Capital Partners in January.
International Paper recently announced its agreement to undertake a recommended all-share combination with DS Smith and acquire the company. However, rumours have arisen that Suzano plans to acquire International Paper in turn – first offering $15 billion, now a higher offer – on the condition that the company walks away from its DS Smith deal.
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