Riccardo Iacometti, Founder and CEO of Farmaè SpA
A was born new online drug giant: the first company in Italy in the online distribution of over-the-counter drugs, Farmaè, bought the second in size AmicaFarmacia. Farmaè, a company listed on the AIM Italia market and leader in the e-retailing of health and wellness products, thus announces that it has signed a binding framework agreement which, by mid-September, will create a group with aggregate revenues, in 2020, of over 93 million euros. In 2020 Farmaè had a turnover of 65.5 million, registering + 74% compared to 2019, and AmicaFarmacia 27.8 million, marking a + 34%. The overall valuation of the acquisition, we read in the note, is 34.5 million, while the value of the transaction is 39 million.
“After the stock exchange listing, which took place about two years ago, today we are taking a new big step for our future together with a partner with whom we aim to grow in Italy and abroad”, he commented Riccardo Iacometti, founder and CEO of Farmaè, adding that “in the last three years we have grown respectively with a compound annual growth rate of 63% for Farmaè and 29% for AmicaFarmacia: I am sure that, by joining forces, we will be able to further consolidate this path, aiming for ambitious common goals “.
“In fifteen years, said the founder of AmicaFarmacia Marco Di Filippo, starting from my family’s physical pharmacy, we have been able to create a company with over 27 million euros in revenues, which markets over-the-counter drugs, supplements, cosmetics and wellness products “. The integration operation has in fact the purpose of creating “the first group in Italy in the sector”, with an increase in users, an expansion of the product offer and an expansion of the logistics capacity of the warehouses. Finally, for Farmaè it is essential to improve delivery times by implementing consultancy with online pharmacists.