October, 10. 2005
Tamro acquires Lithuaian pharmacy chain Ramuciu Vaistine
UAB Tamro has signed an agreement to purchase the Lithuanian pharmacy Ramuciu Vaistine. The company currently operates 18 pharmacies with 62 employees in the region of Kaunas. The company also supplies pharmaceuticals to 238 medical stations and dispensing doctors in Lithuania, with a market share of 20%. The Lithuanian Competition Council has approved the acquisition.
The central pharmacy of Ramuciu Vaistine was opened in 1995. From 1996 to 1999 three pharmacies were opened in the district of Kaunas. The most rapid expansion was from 2000 to 2005, when fourteen pharmacies were opened in Kaunas and in the district of Kaunas. The Ramuciu Vaistine complements our pharmacy network in Lithuania well and enables us to better serve our customers especially in Kaunas together with our existing 5 pharmacies, says Gytis Bendorius, Managing Director of UAB Tamro in Lithuania.
Lithuania remains a fiercely competed market, stated Tamro CEO Jo Langmoen. With this investment we aim to improve Tamros position in the pharmaceutical supply chain. Tamro currently holds a 21% share in the Lithuanian pharmaceutical wholesale market.
Tamro Group operates pharmacies in Lithuania, Latvia, Estonia and Norway and is the leading pharmaceutical wholesaler in Northern Europe. The Group operates in the Nordic countries, in the Baltic States and through a minority shareholding in Russia. Tamro's average share of pharmaceutical wholesaling in the Nordic countries is approx. 52% and in the Baltic countries approx. 25%. Tamro is a subsidiary of the pan-European PHOENIX Group. Headquartered in Vantaa, Finland, Tamro employs over 4,000 people and produces annual revenues of more than EUR 4,400 million.
For further information:
Gytis Bendorius, Managing Director, UAB Tamro
tel +370 37 401 025
Jo Langmoen, President & CEO, Tamro Group
tel +358 20 445 4050
Note to editors:
Images from Ramuciu pharmacies can be downloaded from Tamros image bank
Niko Palosuo, Communications Manager, email@example.com
phone +358 20 445 4001 or +358 40 848 4001
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