logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This footwear company outperformed in the latest first quarter, despite significant headwinds from a strong U.S. dollar, slowdown at the west coast ports and seasonably cold weather in certain key markets and less efficient operations than originally anticipated at the company's European distribution center. UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year.
comments powered by Disqus
RELATED NEWS
Trade HSIC now with 
Follow RTT