Nestlé acquires Novartis Medical Nutrition
Nestlé has completed its acquisition of Novartis Medical Nutrition. Consequently, the integration process of Novartis Medical Nutrition into Nestlé Nutrition will begin. Approximately 2,000 employees of Novartis Medical Nutrition will join the Nestlé Group.
Initially, there were regulatory concerns expressed by the European Commission regarding activities in France and Spain. Nestlé’s was able to prove to the Commission that commitments in these countries were minor in value in the overall context of this transaction.
The acquisition propels Nestlé into a strong number two position globally in the fast-growing and lucrative healthcare nutrition market.
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