Intervet International B.V. acquires assets of Elanco Animal Health's aqua business for $1.3 billion
Jul 09, 2024•over 1 year ago
Acquiring Company
Bayer
Acquired Company
Elanco Animal Health Incorporated
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.
M&A Insights
Based on deal dataIntegration 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