Mar 22 2023
Vimian Group acquires veterinary services platform in Australia
Vimian Group has signed an agreement to acquired Vettr, a member services platform for veterinary clinics based in Brisbane, Australia. The company has annual revenues of around AUS 1.6 million.
Vimian’s Veterinary Services segment VetFamily has acquired Vettr. Founded in 2013, Vettr is a family-owned company offering procurement and support services to around 200 veterinary clinics across Australia. Vettr complements VetFamily’s Australian services platform Independent Vets of Australia (IVA), acquired in July 2021. The CEO David Butchart will continue to lead the company as part of VetFamily and Vimian Group.
“With Vettr and IVA combined, we establish a strong footprint as a leading service provider to independent veterinary clinics across Australia. We are excited to welcome Vettr to the Vimian family”, says Alireza Tajbakhsh, CEO of Vimian’s Veterinary Services segment VetFamily.
The acquisition will have a marginal impact on Vimian Group's earnings per share in the current financial year. The acquisition will be consolidated into Vimian Group’s Veterinary Services segment on 3 April 2023.