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New Deal


Announced

Completed

Mars completed the acquisition of Heska for $1.3bn.

Financials

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Transaction Value£1,057m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium23%
One Off Charge-

Tags

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healthcare products

United States

veterinary products

Acquisition

Majority

Single Bidder

Public

Domestic

Friendly

pet products

Medical Equipment

Completed

Synopsis

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Mars, a confectionery, pet food, and other food products manufacturer, completed the acquisition of Heska, an advanced veterinary diagnostic and specialty healthcare products manufacturer, for $1.3bn. "Today's announcement is a great testament to the quality of our Heska family - we are small, but our people and their creativity, execution, expertise, and value-creation have made us exceptional. We are thrilled to join Mars Petcare on its quest to build A BETTER WORLD FOR PETS™. Working together, Heska's innovations will more quickly reach more veterinarians to help more pet families live better, healthier, longer lives. That's been our mission for over a decade and today is an incredible milestone towards realizing it," Kevin Wilson, Heska CEO & President.

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