Please ensure Javascript is enabled for purposes of website accessibility

Zoetis Acquires Cloud-Based Livestock Software Company

By Jim Crumly - Apr 8, 2020 at 6:08PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The deal boosts Zoetis' offerings for precision livestock farming.

Animal health leader Zoetis (ZTS -0.38%) announced today that it is acquiring Performance Livestock Analytics, a privately held company that sells cloud-based data and analytic solutions for beef producers. The financial terms of the deal weren't disclosed.

The Iowa-based technology company was the first to offer cloud-based data management to beef producers, and sells two solutions to help feedlot managers make financial and nutrition decisions. Performance Beef tracks feed and livestock inventory to monitor health and weight trends, while Cattle Krush monitors market data and offers analytics to help in buying and selling cattle.

Herd of cows in a field.

Image source: Getty Images.

Zoetis has said that expanding its digital and data analytics business is one of its five top priorities in 2020. It sees solutions for "precision livestock farming" as a significant growth driver in the long term, and the company already sells Smartbow, ear tags with motion detectors that collect information on the health and behavior of individual dairy cows.

Investors are optimistic about the growth prospects of Zoetis, along with those of other companies in the animal health and pet care space. Zoetis shares are down about 6% for the year, compared with a 16% decline in the market overall.

Jim Crumly has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Zoetis Inc. Stock Quote
Zoetis Inc.
ZTS
$169.52 (-0.38%) $0.65

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
397%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.