Ceva in exclusive merger negotiations with Sogeval
Companies hope consolidating will strengthen positions in global animal health industry
French veterinary pharmaceutical companies Ceva Santé Animale (Ceva), based in Libourne, and Sogeval (a subsidiary of Sofiprotéol), based in Laval have entered into exclusive merger negotiations. By consolidating their operations, the management teams of both companies expect to gain an even stronger position among the world leaders in animal health.
"The decision behind this project was made with both our hearts and minds. We share the same business philosophy, one which will allow us to grow faster together," said Marc Prikazsky, president and CEO of Ceva.
Ceva is the ninth largest global veterinary health group, focused on the research, development, production and marketing of pharmaceutical products and vaccines for companion animals, ruminants, pigs and poultry. Ceva is directly present in 43 countries and has active business in more than 110.
Sogeval, is the fifth largest French animal health company, specializing in the development, manufacture and marketing of veterinary drugs and speciality products. The firm has been growing steadily and now plays a major role in the prevention and treatment of diseases in both companion animals and livestock. The company operates internationally through three subsidiaries (USA, UK and Denmark) and a network of over 60 distributors worldwide.
"We are looking forward to a partnership based on obvious synergies: for Sogeval this alliance would create the opportunity to accelerate our development by rolling out our expertise globally," said José Daoudal, Sogeval CEO.
The companies share strong similarities in their animal health expertise and corporate culture.
Strong complementary business focus
In the Companion Animal sector, Ceva and Sogeval have developed similar expertise in the areas of cardiology and pain management, that will allow them to consolidate their positions. Each has developed specific complementary therapeutic categories for dogs and cats: Sogeval for antibiotic treatment and dermatology, and Ceval for anti-parasitics and behavior.
In the livestock sector, Ceva and Sogeval both have expertise in the development and formulation of antibiotic, as well as a strong portfolio of vaccines and products for the management and control of reproduction.
Beyond these synergies at a product level, there are also geographical factors that make the two companies a perfect match. The strength of Sogeval in France and that of Ceva internationally will be decisive in strengthening their respective positions in both the domestic and international markets.
Opportunities for specialization in non-pharmaceutical livestock business
The development of biosecurity and nutritionals will continue to be managed by Sofiprotéol, for which this is a strategic priority. The proposed alliance with Ceva will give this activity the benefit of an international partner.
Shared corporate values
Going beyond business expertise, the two companies share very similar values: innovation, entrepreneurial spirit and solidarity between individuals.