Heska Acquires Cuattro Veterinary for $6M in Stock

Heska Corporation

announced today the acquisition of Cuattro Veterinary, LLC ("Cuattro International") a global leader in digital radiography, PACS, and other imaging technologies for veterinarians. Kevin Wilson, Heska's Chief Executive Officer and President, commented that, "We are excited to combine Cuattro International's global reach with Heska's success in the United States. This international expansion provides Heska with a strong and established platform for launching Heska's blood diagnostics platforms and programs to international markets. With established sales throughout Canada, Mexico, Continental Europe, the United Kingdom, Australia, the Middle East, Singapore, Latin America, and elsewhere, Cuattro International's imaging products continue to delight global veterinary customers. Now, Heska can leverage our domestic success in the imaging and blood diagnostics space on a worldwide stage. International markets represent a significant portion of worldwide veterinary revenues for which Heska intends to compete. Today, Heska begins to aggressively pursue those markets with advanced blood diagnostics and imaging bundles, a proven go-to-market model, and an expert and expanding team." Heska agreed to deliver $6.0 million in stock for 100% ownership of Cuattro International, subject to a minimum