Quick Take
Heska Corporation (HSKA) has announced the proposed acquisition of scil animal care company GmbH from parent firm Covetrus for $125 million.
Scil animal care has developed veterinary point of care laboratory and imaging diagnostics service offerings in Europe.
Management is continuing its M&A strategy of acquiring complementary companies in Europe to expand its geographic footprint beyond North America.
HSKA appears fully valued given its poor recent earnings results and lack of forward guidance.
Target Company
Viernheim, Germany-based scil animal care was founded to provide a wide range of veterinary diagnostic services