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Henry Schein Inks Pact To Acquire AUV Veterinary Services For Undisclosed Amount

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4/11/2012 6:21 AM ET

Henry Schein Inc (HSIC: Quote) Wednesday announced that it has signed a definitive agreement with the privately held AUV Group to acquire the veterinary distribution business, AUV Veterinary Services B.V. The company, however, did not divulge the financial terms of the transaction.

The company further stated that AUV Veterinary Services B.V. is a leading distributor of veterinary products and services catering to the requirements of animal health practitioners in the Netherlands and Belgium markets.

AUV Veterinary Sciences has reported net sales of approximately 194.20 million Euros for the fiscal year 2011.

Henry Schein anticipates the acquisition of AUV Veterinary Services to be slightly accretive to the earnings per share in fiscal 2012 and accretive thereafter.

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by RTT Staff Writer

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