Good Q, I do think the engineering department makes sense but definitely has been a laggard lately (due to extremely high demand during COVID). I'd say that's a good business to has as it will allow for more strategic partnerships regarding self delivery devices. So, if I had to choose today, I would like to have Stevanato with the engineering department. Don't think I would say the same for WST and contract manufacturing (for example)
Great note. When you weigh up the pros and cons, do you think they should still have an engineering department?
Good Q, I do think the engineering department makes sense but definitely has been a laggard lately (due to extremely high demand during COVID). I'd say that's a good business to has as it will allow for more strategic partnerships regarding self delivery devices. So, if I had to choose today, I would like to have Stevanato with the engineering department. Don't think I would say the same for WST and contract manufacturing (for example)
Thanks! Why do you prefer them over Schott given similar growth drivers ex engineering?