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Dechra expands laboratories business

The UK's Dechra Pharmaceuticals has strengthened its veterinary laboratories business with the acquisition of Leeds Veterinary Laboratories (LVL), a company offering diagnostic tests for companion, exotic, equine and farm animals. Last year reported sales of GBP 955,000 ($1.7m). The acquisition, for which Dechra is paying GBP 750,000 in cash and new shares, will increase Dechra's market share and widen the range of services it offers. max.thomas@informa.com

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