IMA takes over GS Coating Systems
Further to the recent acquisition of the German company Kilian & Co. GmbH, IMA S.p.A., world leader in the production of automatic machines for the pharmaceutical industry, has brought off yet another important acquisition of great strategic value. The announcement was made at the end of the company's board of directors meeting today.
IMA has taken over the activities of GS Coating Systems, a company specialized in systems for coating tablets and pills for the pharmaceutical and confectionery industries.
Established in 1979 with headquarters in Castel S. Pietro, Bologna, GS envisages wrapping up 2000 with a turnover of approximately 23 billion lire and an operating result equal to 20% of revenue. The newly acquired company's recent track record is truly outstanding, thanks to an innovative patented process it has developed.
The acquisition of GS is part of a wider expansion policy of the IMA Group in its unceasing commitment to provide its customers in the pharmaceutical sector with truly global solutions.
"This is a very strategic move for the Group - commented IMA president Marco Vacchi - and perfectly consistent with the recent acquisition of Kilian. In fact, the tablet coating process takes place immediately after tablet production on the Kilian machines. Our already vast range of equipment for the pharmaceutical industry will benefit from the considerable know-how of GS. In particular, our strengthened position in the field of automatic processing, and not only that of packaging, will be reinforced, with enormous potential for further growth".
"These recent acquisitions have added extra power to the IMA Group's leadership in world markets as a supplier of complete and advanced automatic systems technology for the pharmaceutical industry - Vacchi concluded. IMA's policy of expansion is not yet exhausted and we will continue with further acquisitions in order to grow the Group. Also, we have made considerable investment for the development of new products in sectors in which we are already operating successfully. The current order book trend is very favourable. It can be confidently predicted that our results for 2000 will be better, by far, than those of 1999, notwithstanding some imbalance over the accounting period, with a concentration of turnover in the second half of the year".