M&A Deal Summary

Schering-Plough Acquires Organon BioSciences N.V.

On November 19, 2007, Schering-Plough acquired life science company Organon BioSciences N.V. from Akzo Nobel for 11.0B EUR

Acquisition Highlights
  • This is Schering-Plough’s 4th transaction in the Life Science sector.
  • This is Schering-Plough’s 0th largest (disclosed) transaction.
  • This is Schering-Plough’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2007-11-19
Target Organon BioSciences N.V.
Sector Life Science
Buyer(s) Schering-Plough
Sellers(s) Akzo Nobel
Deal Type Divestiture
Deal Value 11.0B EUR

Target

Organon BioSciences N.V.

Oss, Netherlands
Organon BioSciences N.V. is a human health business, and Intervet, an animal health business. It also includes Nobilon, a human vaccine development unit, and Diosynth, a third-party manufacturing unit of Organon.

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Buyer(S) 1

Buyer

Schering-Plough

Kenilworth, New Jersey, United States

Category Company
Founded 1928
Sector Life Science
Employees51,000
Revenue 3.2B USD (2001)
DESCRIPTION

Schering-Plough Corp. is a manufacturer and sells pharmaceuticals.


DEAL STATS #
Overall 5 of 5
Sector: Life Science M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-14 NeoGenesis Pharmaceuticals

Cambridge, Massachusetts, United States

NeoGenesis Pharmaceuticals, Inc. is a biopharmaceutical company focused on applying novel screening and chemistry technologies to discover and develop small molecule drugs.

Buy -

Seller(S) 1

SELLER

Akzo Nobel

Amsterdam, Netherlands

Category Company
Founded 1646
Sector Chemicals
Employees33,700
Revenue 10.7B EUR (2024)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 6 of 16
Sector: Life Science M&A 1 of 2
Type: Divestiture M&A Deals 6 of 14
Country: Netherlands M&A 3 of 6
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-15 Akcros Chemicals

Eccles, United Kingdom

Akcros Chemicals Ltd. is a provider of specialty chemicals used as additives in the production and processing of polymers, paint, and coatings with operations in both Europe and North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Imperial Chemical Industries

London, United Kingdom

Imperial Chemical Industries PLC is a British chemical company.

Buy £8.0B