Heska acquires European vet diagnostics firm as part of global buying spree

LOVELAND — Heska Corp. (Nasdaq: HSKA) is acquiring the European veterinary diagnostics arm of Covetrus Inc. (Nasdaq: CVET), fresh off the heels of an acquisition in Spain last week.

The Loveland veterinary company will pay $125 million in cash for Covetrus’ interest in scil animal care company GmbH, an animal medical device maker and distributor with offices in Germany, France, Italy, Spain, Canada, Malaysia, the United Kingdom and the Netherlands, according to a statement Tuesday afternoon. Scil also distributes its products to 25 countries across Europe and Asia.
The deal is set to close within the next 60 to 90 days.

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