Ebos 'plugs key gap' with $115m NZ vet supplies acquisition

Ebos 'plugs key gap' with $115m NZ vet supplies acquisition
Ebos also reannounced it had acquired the remaining 10% stake in medical technology distributor Transmedic. (Image: Getty)
Rebecca Stevenson
Ebos' acquisition of pet medicine firm SVS plugs a key gap in its portfolio, Forsyth Barr analysts say. On Thursday night, the dual-listed animal and healthcare firm announced it would raise about $271 million and confirmed the SVS Veterinary Supplies deal. A new research note from Forsyth Barr said SVS was the clear number one vet wholesaler in New Zealand with about 60% market share and had solid market share gains over its nearest rival, Provet, over the past few years.Forsyth Barr’s Matt Montgomerie and Benjamin Cro...

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