Apiam Animal Health Limited (ASX:AHX) entered into an agreement to acquire Harradine and Associates for AUD 2.6 million on October 12, 2022. The consideration will be paid 80% in cash amounted to AUD 2.08 million and 20% in scrip amounted to AUD 0.52 million. Shares issued to the vendors of Harradine & Associates will be subject to a minimum escrow period of 12-months, with 50% subject to an escrow period of 24-months. In FY22 Harradine & Associates generated AUD 4.4 million of revenue and currently employs approximately 29 team members, including 9 veterinarians. The transaction is expected to complete on November 1, 2022.

Apiam Animal Health Limited (ASX:AHX) completed the acquisition of Harradine and Associates on November 1, 2022.