JAB Holding completed the acquisition of a majority stake in Pumpkin Insurance Services from Zoetis.

JAB Holding, a company invests in consumer-focused industries, completed the acquisition of a majority stake in Pumpkin Insurance Services, a provider of preventive care and pet insurance, from Zoetis, an animal health company. Financial terms were not disclosed. “We are thrilled to partner with Zoetis and invest in Pumpkin, a fast-growing pet insurance brand in North America, as we build on our commitment to provide innovative insurance solutions for the benefit of pets and their families. In line with our ambition to create the leading pet insurance platform globally, Pumpkin brings both a world-class team and new technology using data and diagnostics to improve care decisions, both of which will benefit our global business moving forward,” Frank Engelen, JAB Senior Partner.