Telstar will join the Germany-based company following the transaction announced by Azbil Corporation and Syntegon.
Telstar will become part of Syntegon after an acquisition process closed between Azbil Corporation and the German company which has been announced by both firms. Telstar expresses that the company takes a very positive view about the incorporation into a business leader whose strategy is fully aligned with Telstar’s development plan. For Telstar, it represents an opportunity to maintain and grow the business, which entirely fits to Syntegon’s core business.
In this new stage, Telstar will share their talent and knowledge in the field of development of new innovative high-value solutions for aseptic production to reinforce synergies operating within common markets and to strengthen Syntegon’s offering for filling lines and aseptic processes for the pharmaceutical industry. Telstar also places value on sharing with Syntegon a close business culture as a consequence of geographical and cultural proximity.
After leading the Life Science Engineering business division of Azbil during more than 11 years, Telstar also expresses its gratitude to the Japanese Corporation for their support throughout this time, during which Telstar has reached a more solid and stable structure, in addition of reinforcing innovation activity arised from solid synergies experienced in the R&D field.
After the Share Purchase Agreement (SPA) signed the 6th of June 2024, the acquisition will be effective after receiving customary regulatory approvals.
About Syntegon
Syntegon is an acknowledged company in the processing and packaging solutions field for the pharmaceutical and food industries. In the pharma sector, the company’s machines, systems, and services enable the safe and high-quality production, processing, filling, inspection, and packaging of liquid and solid pharmaceuticals. Headquartered in Waiblingen (Germany), the company has 39 sites in 20 countries around the world and counts with a professional team made of 6,300 employees.
