BAXTER INTERNATIONAL INC acquired ASTA Medica Onkologie GmbH & Co KG for $455M, a transaction completed in October 2001, structured as Acquisition of an oncology subsidiary of Degussa AG.
ASTA Medica Onkologie GmbH & Co KG operates in BioScience, is based in Germany. Baxter acquired ASTA Medica Onkologie, an oncology subsidiary of Germany's Degussa AG that developed, produced and marketed oncology products worldwide. The acquisition gave Baxter a stronger presence in the oncology market and a pipeline of oncology therapeutics.
Strengthened Baxter's oncology presence with a worldwide oncology products business and development pipeline.
Advisory firms were not disclosed for this transaction.