Add-on Acquisition • Information Technology

Merck Animal Health Acquires Vence

On September 22, 2022, Merck Animal Health acquired information technology company Vence

Acquisition Context
  • This is Merck Animal Health’s 2nd transaction in the Information Technology sector.
  • This is Merck Animal Health’s 2nd transaction in the United States.
  • This is Merck Animal Health’s 1st transaction in California.

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M&A Deal Summary

Date September 22, 2022
Target Vence
Sector Information Technology
Buyer(s) Merck Animal Health
Deal Type Add-on Acquisition

Target Company

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.
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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 5 of 6
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 5 of 5
State: California 1 of 1
Country: United States 2 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Poultry Sense

Devon, United Kingdom

Poultry Sense provides enhanced technology for poultry farmers to continuously track and analyze overall health performance for the life of the flock; it provides users the capability to measure, compare and record key health and environmental indicators captured by battery-powered, wireless sensors in the poultry barn, as well as to identify patterns and trends to predict health and well-being and, ultimately, prevent disease and improve performance. Poultry Sense is based in Devon, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 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.

Buy $1.3B