Ebos buys SVS Veterinary Supplies for $115m, will raise $270m

Ebos buys SVS Veterinary Supplies for $115m, will raise $270m
Ebos chief executive John Cullity said SVS is a long-standing and successful business with a leading position in New Zealand. (Image: Ebos)
Rebecca Stevenson
Listed animal and healthcare firm Ebos will raise about $270 million of new equity and has acquired pet medicine firm SVS Veterinary Supplies for $115m. In a statement on Thursday night, Ebos said it paid $115m up front for SVS with a $10m earnout. Ebos said that SVS was a leading supplier of pet medicines and other products to more than 500 veterinary clinics and specialty retailers in New Zealand.  It has more than 100 employees in five locations in Hamilton, Palmerston North, Wellington and Christchurch. For the year...

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