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Intervet International B.V. acquires assets of Elanco Animal Health's aqua business for $1.3 billion

Jul 09, 2024over 1 year ago

Acquiring Company

Bayer

Acquired Company

Elanco Animal Health Incorporated

LeverkusenManufacturingManufacturingBiotechnologyHealth Care

Description

On July 9, 2024, Intervet International B.V., through an Asset Purchase Agreement, completed the acquisition of assets of Elanco Animal Health's aqua business for approximately $1.3 billion in cash. Elanco issued a press release announcing the completion of the Transaction.

Company Information

Company

Bayer

Location

Leverkusen, North Rhine-Westphalia, Germany

About

Bayer is a global enterprise with core competencies in the life science fields of healthcare and nutrition. We design our products and services to serve the most essential human needs of health and nutrition. At the same time, we strive to address some of the world’s biggest challenges presented by a growing and aging global population.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed