Divestiture • Life Science

Merck Animal Health Acquires Elanco Animal Health - Aqua Business

On February 5, 2024, Merck Animal Health acquired life science company Elanco Animal Health - Aqua Business from Elanco for 1.3B USD

Acquisition Context
  • This is Merck Animal Health’s 2nd transaction in the Life Science sector.
  • This is Merck Animal Health’s largest (disclosed) transaction.
  • This is Merck Animal Health’s 3rd transaction in the United States.
  • This is Merck Animal Health’s 1st transaction in Indiana.

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M&A Deal Summary

Date February 5, 2024
Target Elanco Animal Health - Aqua Business
Sector Life Science
Buyer(s) Merck Animal Health
Sellers(s) Elanco
Deal Type Divestiture
Deal Value 1.3B USD

Target Company

Elanco Animal Health - Aqua Business

Greenfield, Indiana, United States
Elanco Animal Health's Aqua Business includes products across both warm-water and cold-water species. Elanco Animal Health's Aqua Business is based in Greenfield, Indiana.
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Buyer Overview 1

Buyer

Merck Animal Health

Madison, New Jersey, United States

Category Company
Founded 1921
Sector Life Science
DESCRIPTION

Merck Animal Health, known as MSD Animal Health outside the United States and Canada, is the global animal health business unit of Merck. MSD provides veterinary pharmaceuticals, vaccines and health management solutions and services.


Deal Context for Buyer #
Overall 6 of 6
Sector: Life Science 2 of 2
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 3 of 3
Year: 2024 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Vence

San Diego, California, United States

Vence provides enhanced technology for producers and ranchers to track, monitor, and manage the movement of cattle through a high-tech platform of virtual fencing solutions. Using a computer or smartphone, customers have the capability to manage cattle movement and facilitate rotational grazing. Vence’s virtual fencing technology can reduce the need for fencing to subdivide pastures and allows producers and ranchers to manage their cattle and grass inventory, while reducing costs of labor and fencing materials. Vence is based in San Diego, California.

Buy -

Seller Profile 1

SELLER

Elanco

Greenfield, Indiana, United States

Category Company
Founded 1954
Sector Life Science
Employees9,000
Revenue 4.4B USD (2024)
DESCRIPTION

Elanco develops and markets products and services to improve animal health and protein production in more than 75 countries. Elanco was incorporated in 1954 and is based in Greenfield, Indiana.


Deal Context for Seller #
Overall 3 of 3
Sector: Life Science 1 of 1
Type: Divestiture 3 of 3
State: Indiana 3 of 3
Country: United States 3 of 3
Year: 2024 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Kindred Biosciences

Burlingame, California, United States

Kindred Biosciences is a biopharmaceutical company developing biologics focused to develop therapeutics based on these validated targets for dogs and cats. Kindred Biosciences was founded in 2012 and is based in Burlingame, California.

Buy $440M