Swedencare AB (publ) (“Swedencare”) have per October 1st acquired the Greek pet healthcare distributor Biovet I.K.E. (“Biovet”), which offers both pet healthcare products as well as equipment to veterinarians on the Greek and Cypriot markets. The purchase price of 551 000 Euro includes a cash payment of 350 000 Euro as well as 201 000 Euro in 31,358 new issued shares of Swedencare AB.
Biovet was founded in Thessaloniki in 2005 by the well-known veterinarian Dr. Vasilios Phychogios. Since 2012 the company is managed by the main owner, Ioanna Psychogiou. Biovet is today a well-reputed