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New Deal


Announced

Antech Diagnostics to acquire Biovet.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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biotechnology

Biotechnology

Canada

Acquisition

Friendly

Majority

Single Bidder

Private

Pending

Synopsis

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Antech Diagnostics, which operates a network of veterinary diagnostic laboratory tests and services to veterinarians across North America, agreed to acquire Biovet, a biotechnology company providing unique expertise in the field of diagnostics for animal health and agro-industry specialists. Financial terms were not disclosed. "We're very pleased to welcome Biovet's employees and customers to the Antech family. Biovet's expertise in food and companion animal diagnostics both complements and enhances Antech's strengths, accelerating our ability to expand services to veterinarians across North America. Biovet's rich R&D pipeline will enhance our own, which translates to innovative new products and services that help veterinarians keep pets healthy," Mary Kurian, Antech Diagnostics CEO.

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