Headquartered in Pittsburg, Pennsylvania, Viatris, a global healthcare company, announced it has finalized two deals in India to divest its API and its women’s healthcare businesses for a combined consideration of around $1.2 billion. Viatris will divest its API business in India to Iquest Enterprises, a privately held pharmaceutical company,...
Biocon Biologics Acquires Viatris’ Global Biosimilars Business
Biocon Biologics a subsidiary of Biocon Ltd., based in Bangalore, India, successfully completed its multi-billion dollar acquisition of the global biosimilars business of its partner Viatris Inc. headquartered in Canonsburg, Pennsylvania. Viatris received a $2 billion upfront cash payment and $1 billion in Compulsorily Convertible Preference Shares, representing a stake...
West Pharmaceuticals Expands in India
Headquartered in Exton, Pennsylvania, West Pharmaceutical Services inaugurated its new Digital Technology Center in Bangalore. This Center will serve as a global center of excellence for the company’s Digital and Transformation team, and will work with West's teams in Exton, and in Eschweiler, Germany, to develop digital solutions in marketing and...
India's Tata Motors to Supply Trucks to WABCO of Belgium
Brussels, Belgium headquartered WABCO Holdings Inc., announced its first major deal with Mumbai-based Tata Motors for power steering systems following its September 2017 acquisition of Hanover, Pennsylvania-based R.H. Sheppard, a supplier of steering technologies for commercial vehicles. With this deal, WABCO has engaged Tata Motors to meet their demand for...
Hershey Test Markets India's Soya Brand 'Sofit' in U.S.
Pennsylvania-based Hershey acquired the Sofit brand after buying out India's Godrej Group from its joint venture, Godrej Hershey Ltd., in 2012. And now, Hershey plans to introduce Sofit, (a brand synonymous with soya milk, since it was first introduced in the year 2004 by Godrej Hershey Ltd.) in the U.S....
India is Fastest Growing Market for Hershey
For Pennsylvania-headquartered The Hershey Company, India has emerged as the fastest growing market in Q3 when Hershey India recorded a strong double digit constant currency net sales growth of 16 percent, overtaking Brazil and Mexico, and exceeding the company's plans. The Times of India reports that outside of North America,...