M&A Deal Summary

I rom Group Acquires IDT Australia - CMAX Clinical Trial Business

On October 28, 2016, I rom Group acquired life science company IDT Australia - CMAX Clinical Trial Business from IDT Australia for 14M AUD

Acquisition Highlights
  • This is I rom Group’s 1st transaction in the Life Science sector.
  • This is I rom Group’s largest (disclosed) transaction.
  • This is I rom Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2016-10-28
Target IDT Australia - CMAX Clinical Trial Business
Sector Life Science
Buyer(s) I rom Group
Sellers(s) IDT Australia
Deal Type Divestiture
Deal Value 14M AUD

Target

IDT Australia - CMAX Clinical Trial Business

Boronia, Australia
IDT Australia Ltd. - CMAX Clinical Trial Business offers a full suite of clinical trial services including Phase I clinical trials management and delivery, recruitment in specific disease states for Phase II and Phase III trials.

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Buyer(S) 1

Buyer

I rom Group

Tokyo, Japan

Category Company
Founded 1997
Sector Life Science
Employees338
DESCRIPTION

I'rom Group Co. Ltd. is a manufacturer of generic drugs in japan.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IDT Australia

Boronia, Australia

Category Company
Founded 1975
Sector Medical Products
Revenue 7M AUD (2023)
DESCRIPTION

IDT Australia is a pharmaceutical manufacturing company based in Boronia, Victoria, Australia. It has extensive experience in the development and production of high potency and high containment pharmaceutical products for local and international clients. IDT Australia was founded in 1975 and is based in Boronia, Australia.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 IDT Australia - CMAX Clinical Trial Business

Boronia, Australia

IDT Australia Ltd. - CMAX Clinical Trial Business offers a full suite of clinical trial services including Phase I clinical trials management and delivery, recruitment in specific disease states for Phase II and Phase III trials.

Buy -