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CVS Group Plc announced that on 5 May 2022, it acquired the entire share capital of Anton Vets Ltd. The acquisition was for a consideration of c.£6m and was funded using CVS's existing bank facilities.
| Date | 6 May 2022 |
| Time | 07:00:07 |
| Category | Acquisitions and alliances |
| ID | 5391K |
6 May 2022
CVS Group Plc
("CVS", the "Company" or the "Group")
Acquisition of Anton Vets
CVS, the AIM-quoted veterinary group and one of the UK's leading providers of integrated veterinary services, is pleased to announce that on 5 May 2022 it acquired the entire share capital of Anton Vets Ltd, a single site veterinary practice in Andover, Hampshire for consideration of c.£6m. The consideration is being funded using the Group's existing bank facilities.
Contacts:
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CVS Group plc |
via MHP Communications |
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Richard Fairman, CEO |
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Jenny Farrer, Company Secretary |
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Singer Capital Markets (Nominated Adviser & Broker) |
+44 20 7496 3000 |
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Aubrey Powell / Jen Boorer / Rachel Hayes |
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MHP Communications (Financial PR) |
+44 20 3128 8549 |
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Andrew Jaques / Rachel Mann / Charles Hirst |
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About CVS Group plc ( www.cvsukltd.co.uk )
CVS Group is an AIM-quoted fully-integrated provider of veterinary services in the UK, with practices in the Netherlands and the Republic of Ireland. CVS is focused on providing high quality clinical services to its customers and their animals, with outstanding and dedicated clinical teams and support colleagues at the core of its strategy.
The Group has c.500 veterinary practices across its three markets, including eight specialist referral hospitals and 35 dedicated out-of-hours sites. Alongside the core Veterinary Practices division, CVS operates Laboratories (providing diagnostic services to CVS and third-parties), Crematoria (providing pet cremation and clinical waste disposal for CVS and third-party practices), Buying Groups and the Group's online retail business ("Animed Direct").
The Group employs c.7,900 personnel, including c.2,100 veterinary surgeons and c.2,800 nurses.