On 13th July 2017 Animalcare Group plc completed the acquisition of Ecuphar NV. The acquisition was funded through a combination of the issue of £100.6m consideration shares to the vendors and a £34m cash payment satisfied in part through a placing of new shares at placing price of 350 pence per share, with the balance of £4.0 million funded by existing cash held by the Group.
Animalcare and Ecuphar are highly complementary businesses, in particular with regard to their geographic markets, product portfolios and new product development pipelines and the acquisition will provide enhanced scale and capabilities. The enlarged group now serves customers and markets in more than 50 countries worldwide.
The history of the Animalcare and Ecuphar groups is shown below:
History of Animalcare
2010
Divested the agricultural business of Ritchey plc to focus solely on the veterinary operations of Animalcare Ltd
2008
Ritchey plc acquires Animalcare Ltd. The enlarged group subsequently commenced trading on AIM under the name of Animalcare Group plc
2006
Animal Health Division divested (Excluding Animalcare)
1999
Animalcare acquired by Genus plc
1994
Genus plc formed from break up of MMB
1988
Vet Drug Company forms product development company Animalcare Ltd
1958
Vet Drug Company (veterinary wholesaler) formed
History of Ecuphar
2015
Acquisition of Esteve Animal Health businesses in Spain, Portugal and Italy
2011
Acquisition of Riemser Animal Health product portfolio in Germany
2009
Acquisition of NutriScience, OTC equine and pet business in Ireland
2004
-08
Various acquisitions to form instruments and OTC business
2001
Cardon Pharmaceuticals formed