Heska - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

Heska M&A Summary

Heska has acquired 8 companies of its own, including 6 in the last 5 years.

Heska’s largest acquisition to date was in 2022, when it acquired MBio Diagnostics for $39M. Heska has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include life science (25%) and software (25%).

Heska Ownership

Who owns Heska?

Heska is owned by Mars. It was acquired on April 3, 2023.

Heska Business Overview

Where is Heska headquartered?

Heska is headquartered in Loveland, Colorado.

What is Heska’s revenue?

Heska disclosed revenue of 257M USD for 2022 and 254M USD for 2021.

How many employees does Heska have?

Heska has 808 employees.

What sector is Heska in?

Heska is a medical products company.

When was Heska founded?

Heska was founded in 1988.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2

Heska

Heska Corp.

3760 Rocky Mountain Avenue,
Loveland, Colorado 80538
United States,
(970) 493-7272
www.heska.com

Heska sells, manufactures, markets, and supports diagnostic and specialty products and solutions for veterinary practitioners. The company's portfolio includes point-of-care diagnostic laboratory instruments and consumables including rapid assay diagnostic products and digital cytology services; local and cloud-based data services; practice information management software (“PIMS”) and related software and support; reference laboratory testing; allergy testing and immunotherapy; heartworm preventive products; and vaccines. Heska’s primary focus is supporting companion animal veterinarians in providing care to their patients. Its business is composed of two operating and reportable segments: North America and International. North America consists of the United States, Canada, and Mexico. International consists of geographies outside of North America, primarily in Germany, Italy, Spain, France, Switzerland, Australia and Malaysia. Heska’s strategic focus on point-of-care diagnostic laboratory products is included in both segments. The North America segment also includes the contract manufacturing of vaccines and pharmaceutical products and a small veterinary laboratory, and the international segment includes PIMS business and veterinary laboratories. Heska was founded in 1988 and is based in Loveland, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 2 2 3 1 - - 8
vol $8M $39M $47M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
MBio Diagnostics, Inc. 2022-09-12 39M USD Add-on Acquisition
Boulder, Colorado · www.lightdeckdx.com
VetZ GmbH 2021-11-02 - Add-on Acquisition
Isernhagen, Germany · www.vetz.vet
Biotech Laboratories USA LLC 2021-09-09 - Add-on Acquisition
Rockville, Maryland · www.btech.vet
Lacuna Diagnostics, Inc. 2021-01-13 - Add-on Acquisition
Fort Collins, Colorado · www.lacunadiagnostics.com
scil animal care company GmbH 2020-01-14 - Divestiture
Viernheim, Germany · www.scilvet.com
CVM Diagnosis Veterinario SL 2020-01-09 - Add-on Acquisition
Tudela, Spain · www.cvm.es
Cuattro LLC - Software Assets 2018-11-30 8M USD Divestiture
Golden, Colorado
Cuattro Veterinary USA 2013-02-22 - Add-on Acquisition
Loveland, Colorado
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 2 (25%) 39M (83%) - -
Software 2 (25%) 8M (17%) - -
Consumer Products 1 (13%) - - -
Consumer Services 1 (13%) - - -
Healthcare Services 1 (13%) - - -
Medical Products 1 (13%) - - -
Total 8 $47M - -

By Geo

State/Country Buy Value Sell Value
United States 5 47M - -
  Colorado 4 47M - -
  Maryland 1 - - -
Germany 2 - - -
Spain 1 - - -
Domestic 5 (63%) 47M (100%) - -
Cross-border 3 (38%) - - -
Total 8 $47M - -

Deal Values

buy # Total
< $100M 2 $47M
TOTAL $47M
Largest MBio Diagnostics, Inc.
$39M (2022-09-12)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
2 (25%)

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