Merck & Co acquires animal health business in France for $2.4 billion

摘要

Merck & Co. on Friday announced the acquisition of privately owned Antelliq Group (Vitre, France), a leader in digital animal identification, traceability, and monitoring solutions, the fastest growing part of the animal health industry, for €2.1 billion ($2.37 billion). Antelliq reported sales of €360 million in the 12 months ending 30 September 2018. Merck's CEO Kenneth Frazier said in October that the company was a "good owner" of its animal health unit. "We believe that we run this business very well inside the company compared to our competitors," he said.