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M&A Deal Summary

Bayer and LANXESS Acquire Currenta & Co. OHG

On January 1, 2008, Bayer and LANXESS acquired chemicals company Currenta & Co. OHG

Acquisition Highlights
  • This is Bayer’s 1st and LANXESS’s 1st transaction in the Chemicals sector.
  • This is Bayer’s 1st and LANXESS’s 1st transaction in Germany.
Investment Fate
  • Currenta & Co. OHG was divested to a consortium of buyers in 2019 for 3.5B EUR.

M&A Deal Summary
Date 2008-01-01
Target Currenta & Co. OHG
Sector Chemicals
Buyer(s) Bayer
LANXESS
Deal Type Joint Venture

Target

Currenta & Co. OHG

Leverkusen, Germany
Currenta GmbH & Co. OHG manages and operates infrastructure, energy supply, and other essential services across the chemical parks in Leverkusen, Dormagen, and Krefeld-Uerdingen, More than 70 production companies, and service providers currently enjoy the benefits of being located in Germany’s largest chemical park.

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Buyer(S) 2

Buyer

Bayer

Leverkusen, Germany
Category Company
Founded 1863
Sector Life Science
Employees89,556
Revenue 46.6B EUR (2024)
DESCRIPTION
Bayer office building in North Sydney, Australia.
Bayer office building in North Sydney, Australia.

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer was founded in 1863 and is based in Leverkusen, Germany.

DEAL STATS #
Overall 4 of 20
Sector: Chemicals M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Germany M&A 1 of 4
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Wolff Walsrode

Germany

Sell €540M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Conceptus

Mountain View, California, United States

Conceptus, Inc. is dedicated to the revolutionary design, development, and marketing of innovative solutions to advance women's health. Conceptus developed the market leading Essure procedure, the first-ever non-surgical permanent birth control method. After a decade on the market, Essure remains the most effective form of permanent birth control* available worldwide.

Buy $1.1B
Buyer

LANXESS

Cologne, Germany
Category Company
Founded 1863
Sector Chemicals
Employees12,338
Revenue 6.4B EUR (2024)
DESCRIPTION
Entrance to Lanxess' Pittsburgh, Pennsylvania office.
Entrance to Lanxess' Pittsburgh, Pennsylvania office.

LANXESS is a specialty chemicals company. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates, and specialty chemicals. LAXNESS was founded in 1863 and is based in Cologne, Germany.

DEAL STATS #
Overall 1 of 17
Sector: Chemicals M&A 1 of 16
Type: Joint Venture M&A Deals 1 of 2
Country: Germany M&A 1 of 3
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-08 Jiangsu Polyols Chemical Co.

Jiangsu, China

Jiangsu Polyols Chemical Co. Ltd. is a producer of trimethylolpropane.

Buy -
Mergr

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