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Swedencare

Swedencare

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

14:30 / 1 March 2022 Swedencare Press release

Swedencare AB (publ) has today gained access to the business of Innovet, which was acquired on January 26th 2022. Innovet is one of the Italy´s leading and most profitable companies focused on the veterinary segment. The purchase price amounts to EURO 50 million (approximately SEK 534 million) and consists of EURO 42,5 million (approximately SEK 457 million) in cash and an issue-in-kind of 606 799 shares in Swedencare, representing 7.5 million EURO (approximately SEK 77 million).

For more information about the acquired business, please see press release from January 26th 2022, when the acquisition was made public as well as a presentation available on the Company homepage www.swedencare.com.

For more information, please contact:

Håkan Lagerberg, CEO Swedencare
Phone: +46 (0)73 517 01 70
Email: hakan.lagerberg@swedencare.se

Jenny Graflind, CFO Swedencare
Phone: +46 (0)73 944 85 54
Email: jenny.graflind@swedencare.se

Per Malmström, Chairman of the Board
Phone: +46 (0)70 725 28 36

FNCA is the company’s Certified Adviser
Phone: +46 (0) 8 528 00 399
Email: info@fnca.se

Please visit the Company homepage www.swedencare.com

About Swedencare

Swedencare, a listed company on NASDAQ First North Growth Market, specializes in pet healthcare and produces, markets and sells premium products in the global and fast-growing market. The company has a wide range of strong brands and products within most therapy areas, including Animal Pharmaceuticals®, Nutravet®, NutriScience, Pet MD®, Stratford®, VetWELL® as well as ProDen PlaqueOff® for oral health to dogs and cats. Swedencare’s headquarter is in Malmö, Sweden with subsidiaries located in nine countries with products sold in approximately fifty markets. Swedencare’s sales have increased significantly over the last few years with strong margins and profits.

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

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MFN

This information was distributed by MFN https://www.mfn.se/