Dechra Pharmaceuticals
CEO) | |
Revenue | £681.8 million (2022)[1] |
---|---|
£174.3 million (2022)[1] | |
£58.2 million (2022)[1] | |
Number of employees | 2,036 (2022)[1] |
Website | www |
Dechra Pharmaceuticals plc is a business involved in the development and marketing of
History
The Company was founded in 1997 by way of a
It sold its veterinary services business to US-firm, Patterson Companies, for £87.5m in July 2013 in order to focus on its higher margin manufacturing business.[6]
In June 2023, the private equity organisation, EQT Partners, made an agreed takeover offer for the company which valued the company at £4.5 billion.[7] In December 2023, it was confirmed that all the necessary antitrust and regulatory approvals had been obtained and that the transaction would complete on 16 January 2024.[8]
Operations
The company sells various pharmaceuticals for common pets and farm animals – mainly for dogs, cats, equine and food producing animals. Their notable products include Vetoryl, a medicine for Cushing's disease in dogs, and Felimazole, medicine for hyperthyroidism in cats. The company is organised into two regional divisions: European Pharmaceuticals and U.S. Pharmaceuticals.[9]
See also
References
- ^ a b c d "Annual Report 2022" (PDF). Dechra Pharmaceuticals. Retrieved 16 February 2023.
- ^ a b "Montague Private Equity announces sale of VetXX".
- ^ "Dechra Pharma to buy VetXX for 61.7 mln stg". Reuters. 12 December 2007. Retrieved 28 March 2015.
- ^ "Dechra Pharma buys DermaPet for US$64 mln". Proactive Investors. 22 October 2010. Retrieved 1 March 2020.
- ^ "Dechra acquires Sussex-based Genitrix in a £5.4m deal". Business Live. 1 December 2010. Retrieved 1 March 2020.
- ^ "Dechra sells up". Investors Chronicle. 11 July 2013. Retrieved 16 March 2014.
- ^ "Dechra Pharmaceuticals agrees £4.5bn takeover deal with Swedish private equity firm". Business Live. 2 June 2023. Retrieved 10 July 2023.
- ^ "EU clears Dechra Pharmaceuticals takeover by EQT funds". Morning Star. 27 December 2023. Retrieved 15 January 2024.
- ^ "Dechra Pharmaceuticals PLC". dechraplc.com. Retrieved 28 March 2015.