Merck says it’s acquiring Antelliq Group, a company that does digital animal identification, traceability and monitoring. Merck is paying almost $2.4 billion for Antelliq’s outstanding shares and will assume Antelliq’s debt of about $1.3 billion. Antelliq is formerly AllFlex.
The technology is driven by the growing demand for food traceability and food safety, according to a news release from Merck. The acquisition of Antelliq provides Merck a customer base in identification and monitoring technologies that help with disease prediction and treatment, according to Merck.
Continue reading Merck to acquire Antelliq at Brownfield Ag News.
