Nordhealth AS (OB:NORDH) agreed to acquire Vetera Gmbh from NGC Nachfolgekapital GmbH for an enterprise value of approximately €9 million on March 10, 2022. With Vetera, Nordhealth will gain a leading position in the German-speaking Practice Management Software market. As a part of Nordhealth, Vetera will be well-positioned to extend its mission of improving the work life of veterinary professionals. Vetera will remain operating independently under the Vetera brand and will continue to be led by Chief Executive Officer Alexander Felber with the support of his management team. Vetera's revenue, recurring revenue and EBITDA were approximately €2.702 million, €1.482 million and €0.53 million in 2021. The completion of the acquisition is subject to customary closing conditions and is expected to close during Q2 2022. Robert Korndörfer, Georg Schneider, Benjamin Jahn and Florian-Felix Marquardt of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor to Nordhealth AS.

Nordhealth AS (OB:NORDH) completed the acquisition of Vetera Gmbh from NGC Nachfolgekapital GmbH on June 1, 2022.