M&A Deal Summary

Antech Diagnostics Acquires Abaxis Veterinary Reference Laboratory

On March 19, 2015, Antech Diagnostics acquired life science company Abaxis Veterinary Reference Laboratory from Abaxis for 21M USD

Acquisition Highlights
  • This is Antech Diagnostics’ 1st transaction in the Life Science sector.
  • This is Antech Diagnostics’ largest (disclosed) transaction.
  • This is Antech Diagnostics’ 1st transaction in the United States.

M&A Deal Summary
Date 2015-03-19
Target Abaxis Veterinary Reference Laboratory
Sector Life Science
Buyer(s) Antech Diagnostics
Sellers(s) Abaxis
Deal Type Divestiture
Deal Value 21M USD

Target

Abaxis Veterinary Reference Laboratory

United States
Abaxis Veterinary Reference Laboratory (AVRL) is a provider of diagnostic solutions.

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Buyer(S) 1

Buyer

Antech Diagnostics

Irvine, California, United States
Category Company
Founded 1994
Sector Healthcare Services
DESCRIPTION

Antech Diagnostics, Inc. is an provider of health care services for animals.

DEAL STATS #
Overall 1 of 3
Sector (Life Science) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Biovet

Saint-Hyacinthe, Quebec, Canada

Biovet, Inc. is a biotechnology company providing unique expertise in the field of diagnostics for animal health and agro-industry specialists in Canada and internationally. Biovet is based in Saint-Hyacinthe, Quebec.

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Seller(S) 1

SELLER

Abaxis

Union City, California, United States
Category Company
Founded 1989
Sector Medical Products
Employees582
Revenue 227M USD (2017)
DESCRIPTION

Abaxis, Inc. is a developer, manufacturer, marketer and seller of portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements. Abaxis was founded in 1989 and is based in Union City, California.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 QCR & Trio Diagnostics

York, United Kingdom

QCR & Trio Diagnostics Ltd is a United Kingdom based distribution organization.

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