Celesio
Encyclopedia
Celesio AG is a German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 healthcare and pharmaceutical company, represented in 14 countries, with a revenue of 21.5 billion euro (2009) and more than 46,000 employees. Originally founded in 1835, it is now a public limited company
Public limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....

.

Overview

The head office is situated in Stuttgart
Stuttgart
Stuttgart is the capital of the state of Baden-Württemberg in southern Germany. The sixth-largest city in Germany, Stuttgart has a population of 600,038 while the metropolitan area has a population of 5.3 million ....

 Bad Cannstatt, between the Wilhelma
Wilhelma
Wilhelma, built as a royal palace, is now a zoo in the northern suburbs of Stuttgart, Baden-Württemberg, Germany. It is Europe's only large combined zoological and botanical garden and is home to over 8,000 animals from over 1,000 different species and exotic plants from over 5,000 species.The...

 zoo and botanical gardens and the mineral baths. The company’s activities are divided into the divisions Celesio Wholesale, Celesio Pharmacies and Celesio Solutions and play a leading role in the growing healthcare market.

In the pharmaceutical wholesaling sector, Celesio has a market presence in 13 countries. It has a comprehensive range of logistics, solutions and advice services for pharmacists on matters of health, medicines and wellness. An extensive distribution network of more than 120 branches provides deliveries to pharmacies several times each day.

In its pharmacy business, Celesio operates over 2,200 pharmacies in seven countries. The pharmacies dispense medicines, and also offer a comprehensive advice service for medicine-related questions. The pharmacist is considered central to Celesio’s role as a retailer.

With its Celesio Solutions division, the group offers a broad range of services for a variety of customer groups in the pharmaceutical market throughout Europe. These include logistics and distribution services for pharmaceutical manufacturers including transportation, storage and warehouse management as well as accepting and processing orders.

History

The company was founded in 1835 by Franz Ludwig Gehe and opened to the capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...

 on 1 January 1903 as the result of conversion into a public limited company. In January 1904, the shares were approved for trading on the former stock exchange in Dresden.

Capital increases carried out in 1910 and 1912 laid the financial foundation for the country-wide sale of "drugs and paints, pharmaceutical and chemical products" in proximity to customers.

At the annual general meeting
Annual general meeting
An annual general meeting is a meeting that official bodies, and associations involving the public , are often required by law to hold...

on 24 April 2003, the shareholders approved the change of name from GEHE AG to Celesio AG with an overwhelming majority of 99.98 %; therefore, in the 100th year as a public limited company, the first year of Celesio began.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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