Merck bolsters animal health unit with $2.4 billion Antelliq purchase 

Merck and Co said on Friday it will buy privately held French company Antelliq Group, which makes digital identification products for livestock, for about 2.1 billion euros ($2.37 billion) to bolster its fast-growing animal health business.

Merck said Antelliq will be a wholly owned and separately operated subsidiary within its animal health division.

Antelliq’s products, which brought in 360 million euros ($406.51 million) in sales in the year ended Sept. 30, provide veterinarians, farmers and pet owners with digital technology that monitors animals and predicts disease in them.

These products allow access to real-time, actionable information to help improve livestock management and health outcomes, Merck said in a statement.

Merck will assume Antelliq’s debt of 1.15 billion euros ($1.30 billion), which it intends to repay shortly after the closing of the deal, expected in the second quarter of 2019.
Private equity firm BC Partners currently owns a majority stake in Antelliq.

Lire la suite:

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Ce site utilise Akismet pour réduire les indésirables. En savoir plus sur comment les données de vos commentaires sont utilisées.

Articles récents

Suivez-nous sur les réseaux sociaux