Fagron NV (ENXTBR:FAGR) is looking for M&A. Karin de Jong said during the Half Year 2023 Results, "So in H2 2023, we want to continue our disciplined approach in executing our M&A strategy. We've done 5 acquisitions last year. And in H2 2023, they've done 5 acquisitions last year; and in H1, we did 2 deals and one of them is, of course, the Wildlife acquisition.

We see in the current M&A market that the valuation expectations remain at the high end. So prospective sellers are taking their time to sell and they test the market broadly and sometimes they even abandon the processor. But however, we expect that M&A will bring further revenue upside on a reported basis in 2023.

So we have a pipeline with acquisitions, and they're basically in all regions where we're currently active and are mostly small to midsized companies or partnership opportunities like we did, for instance, with the licensing deals in the first quarter of this year".