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Swedencare

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Swedencare AB (publ) has completed the US based acquisition which was made public on January 26th, 2022

13:00 / 1 February 2022 Swedencare Press release

Swedencare AB (publ) has today gained access to all the shares related to NaturVet, which was acquired on January 26th, 2022. NaturVet is one of the US' largest and most profitable companies in the premium segment for supplements for the pet healthcare market. The purchase price amounts to USD 447.5 million (approximately SEK 4,148 million) and will be paid through USD 400 million (approximately SEK 3,708 million) in cash and through a new issue-in-kind of 3,854,978 new shares in Swedencare, representing 47.5 million USD (approximately SEK 440 million). A condition-based purchase price (earn-out) of a maximum of approximately USD 27.5 million (SEK 255 million) may be paid in cash if certain conditions are met as of June 30th, 2022.

For more information about the acquired business, please see the separate press release from January 26th, 2022, when the acquisition was made public as well as the company presentation made available on the Swedencare’s website www.swedencare.com.

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