The pharmaceutical wholesale operations in Sweden were started - Kronans Droghandel AB was founded.
Oriola was founded in Finland as part of the Orion Group under the name Apteekkitavarakauppa Oriola Oy with the purpose of importing, selling and distributing pharmaceuticals and other chemical products as well as sanitary goods and other closely related products.
Oriola Oy’s Medical Products department started in Finland.
The pharmacies in Sweden were nationalized and the pharmacy market becomes a monopoly. Kronans Droghandel AB continues to distribute pharmaceuticals to pharmacies.
The Laboratory Supplies department started in 1972 in Finland. Hammasväline Oy, a dental supplier, became a wholly-owned Oriola Oy’s subsidiary in 1974. In 1979 Oriola Oy entered the X-ray business.
Oriola started wholesaling operations in Estonia in 1990 and was the first Finnish drug wholesaler in the Baltic States. It was granted full wholesale rights in Estonia in 1993. Operations were started in Lithuania in 1994 and in Latvia in 1995.
The wholesale operations in Russia were started in 1996 when OOO Moron was founded.
Oriola becomes a part of Oriola-KD after the demerger of Orion Group. Orion acquired a majority holding in Sweden’s second-largest pharmaceuticals distributor, Kronans Droghandel AB and Oriola and Kronans Droghandel were combined. The deal made Oriola-KD the leading player in the pharmaceuticals wholesale trade in Finland and Sweden as measured by market shares at the time.
Oriola-KD and Lifco AB created a joint company and 70 percent of Oriola-KD’s dental business was sold to Lifco. Oriola Oy’s laboratory supplies department, Medical Products department and X-Ray business were combined into Healthcare Trade Business.
Oriola-KD entered the Russian markets and acquired a pharmaceutical retail and wholesale companies Vitim and Moron.
Pharmacy monopoly in Sweden was deregulated. The wholesale operations in Sweden continued with a name KD Pharma.
Oriola-KD entered the Swedish pharmacy market by acquiring a nationwide pharmacy chain. The pharmacy chain takes the name Kronans Droghandel. The Healthcare Trade business was sold to Mediq N.V. Oriola-KD acquired OOO 03 Apteka pharmacy chain in Moscow. The remaining Dental Trade business was sold to Lifco AB.
KD Pharma in Sweden and Moron in Russia were rebranded to Oriola.