Three months after purchasing Lohmann SE, a German poultry health company, Elanco has announced plans to acquire yet another animal health company, but this time the added reach extends much farther than one livestock segment.
Through a YouTube video shared via Tweet, Elanco’s president Jeff Simmons announced the $5.4 billion acquisition of Norvatis Animal Health, creating the second largest animal health company in the world. Simmons calls this “the biggest transformation” in the company’s 60 year history, and credits the purchase with expanding Elanco’s business footprint to a global scale.
For full financial details of the transaction, click here.
See the video announcement below: