Merck Boosts Animal-Health Line With Virtual-Fence-Firm Vence
September 22 2022 - 8:13AM
Dow Jones News
By Colin Kellaher
Merck & Co. on Thursday said it agreed to buy Vence, a
provider of virtual-fencing technology for rotational grazing and
livestock management, in a deal that bolsters the drugmaker's
animal-health portfolio,
Financial terms of the deal, which the Kenilworth, N.J., company
expects to complete by the end of the month, weren't disclosed.
Merck said Vence provides enhanced technology for producers and
ranchers to track, monitor and manage the movement of cattle
through a platform of virtual fencing solutions. The technology is
currently available in the U.S. and parts of Australia.
Merck's animal-health segment accounted for more than 10% of the
company's second-quarter sales of nearly $14.6 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 22, 2022 07:58 ET (11:58 GMT)
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