logo
Share SHARE
FONT-SIZE Plus   Neg

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

Henry Schein Inc (HSIC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade HSIC now with 
Follow RTT