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New Deal


Announced

Completed

Mars completed the acquisition of SYNLAB Vet from SYNLAB.

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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Majority

Germany

veterinary laboratory diagnostics

Medical Services

Acquisition

Cross Border

Private

Friendly

Single Bidder

Completed

Synopsis

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Mars, a global manufacturer of confectionery, pet food, and other food products and a provider of animal care services, completed the acquisition of SYNLAB Vet, a provider of specialist veterinary laboratory diagnostics, from SYNLAB. Financial terms were not disclosed. “We are excited to welcome SYNLAB Vet to our division and look forward to working together in service of our purpose: A BETTER WORLD FOR PETS. Together we will support more veterinary professionals and pets in Europe with a full diagnostics portfolio across reference laboratories, point-of-care, imaging and technology solutions, rapid diagnostics, telemedicine and software solutions and services," Nefertiti Greene, Mars President.

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