Mars To Acquire Synlab’s Veterinary Laboratory Diagnostics Unit

By: Trademagazin editor Date: 2023. 08. 17. 09:34

Mars Incorporated has entered into an agreement to acquire the assets of Synlab Vet, a European provider of specialist veterinary laboratory diagnostics.

The deal will see Synlab Vet, a part of Germany’s Synlab Group, become a part of Mars Petcare.

The closing of the transaction is subject to regulatory clearance, Mars added.

Mars Petcare offers pets and pet owners products and services across veterinary health and diagnostics, nutrition, innovation, and technology.

The acquisition will enable the science and diagnostics division of Mars Petcare to expand its veterinary laboratory business in Europe, it said.

This is in addition to its full-service global veterinary diagnostic offerings across veterinary labs, point-of-care, imaging, and software.

Advanced Technology

Commenting on the acquisition, Nefertiti Greene, president of Mars Science & Diagnostics, said, “We look forward to welcoming Synlab Vet to the Mars Petcare family of businesses. We share the belief that excellence in veterinary diagnostics and advanced technology is transformative for veterinary care.”

Greene added, “This transaction is complementary to our existing diagnostics business and will bring additional reach across Europe and further our purpose to create a better world for pets.”

Lazard served as the financial advisor for Mars, while Freshfields Bruckhaus Deringer acted as Mars’s legal advisor.

ESM