Zoetis - M&A Summary and Business Overview

Life ScienceCompany

Zoetis M&A Summary

Zoetis has acquired 13 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Zoetis’ largest acquisition to date was in 2018, when it acquired Abaxis for $2.0B. Zoetis has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include life science (54%) and medical products (24%).

Zoetis Business Overview

Where is Zoetis headquartered?

Zoetis is headquartered in Parsippany, New Jersey.

What is Zoetis’ revenue?

Zoetis disclosed revenue of 6,675M USD for 2020 and 6,260M USD for 2019.

How many employees does Zoetis have?

Zoetis has 11,300 employees.

What sector is Zoetis in?

Zoetis is a life science company.

When was Zoetis founded?

Zoetis was founded in 1952.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

Zoetis

Zoetis, Inc.

10 Sylvan Way,
Parsippany, New Jersey 07054
United States,
(973) 822-7000
www.zoetis.com

Zoetis engages in the discovery, development, manufacture and commercialization of a diverse portfolio of animal health medicines and vaccines designed to meet the real-world needs of veterinarians and the livestock farmers and companion animal owners they support. Zoetis was founded in 1952 and is based in Parsippany, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 10 1 1 1 - - 13
vol $3.1B $50M $3.1B
Sell (0.2/yr) # - - - - 1 - 1
  14

Most Recent M&A

Company Date Value Type
Pumpkin Insurance Services, Inc. 2023-05-16 - Divestiture
New York, New York · www.pumpkin.care
Basepaws, Inc. 2022-06-07 50M USD Add-on Acquisition
Torrance, California · www.basepaws.com
Jurox Pty Ltd.. 2021-08-04 - Add-on Acquisition
Rutherford, Australia · www.jurox.com.au
Ethos Diagnostic Science 2020-02-07 - Divestiture
San Diego, California · www.ethosdiagnostics.com
ZNLabs LLC 2019-11-22 - Add-on Acquisition
Louisville, Kentucky · www.znlabs.com
Phoenix Central Laboratory for Veterinarians, Inc. 2019-10-31 - Add-on Acquisition
Mukilteo, Washington · www.phoenixlab.com
Platinum Performance 2019-07-22 - Add-on Acquisition
Buellton, California · www.platinumperformance.com
Abaxis, Inc. 2018-05-16 2.0B USD Add-on Acquisition
Union City, California · www.abaxis.com
Nexvet Biopharma PLC 2017-04-13 85M USD Add-on Acquisition
Tullamore, Ireland · www.nexvet.com
Scandinavian Micro Biodevices ApS 2016-08-08 80M USD Add-on Acquisition
Farum, Denmark · www.smb.dk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 7 (54%) 290M (9%) - -
Medical Products 3 (23%) 2.8B (91%) - -
Consumer Products 1 (8%) - - -
Consumer Services 1 (8%) - - -
Food 1 (8%) - - -
Insurance - - 1 (100%) -
Total 13 $3.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 8 2.2B 1 -
  California 4 2.1B - -
  Washington 1 - - -
  North Carolina 1 155M - -
  Louisiana 1 - - -
  Kentucky 1 - - -
  New York - - 1 -
Australia 2 - - -
Denmark 1 80M - -
Ireland 1 85M - -
Norway 1 765M - -
Domestic 8 (62%) 2.2B (70%) 1 (100%) -
Cross-border 5 (38%) 930M (30%) - -
Total 13 $3.1B 1 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Guggenheim Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 2 $920M
< $100M 3 $215M
TOTAL $3.1B
Largest Abaxis, Inc.
$2.0B (2018-05-16)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
100%
1 (100%)

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