Provet Holdings (PVT)

Shares / Stock Code

PVT

Stock Exchange / Sharemarket

ax

Provet Holdings (PVT) is constantly evolving through focussed efforts on strategic imperatives aimed at accelerating innovation, capitalising on competitive advantages and creating new directions in veterinary logistics, practice management and training. Their plans to transform Provet capitalise on their new strengths - their size, reach, knowledge of the veterinary practice and unmatched resources in logistics. Investors can trade Provet Holdings shares on the Australian Stock Exchange (ASX).

Provet serves a critical role in the veterinary industry and always goes above and beyond the necessary requirements to fulfill their responsibility as the pre-eminent wholesale distributor. Their veterinary ownership, that drives their pursuit in excellence, allows Provet to understand the needs of all stakeholders. Provet endeavors to fulfill the needs of their partners by adding value to their services. This is done by, not only providing a reliable supply of more than 12,500 products, instruments and equipment, but as well as offering business building tools such as; staff training; easy online ordering; and useful promotional and merchandising support.

Service is their priority and all of the Provet staff strives to provide the best possible service. Their IT department sets us apart from other veterinary distributors by helping your clinic develop and maintain management systems and technology. Provet helps support and harness an ever increasing number of veterinary practices, with over 1900 independent veterinary practices in Australasia that company call partners. The outstanding service that Provet is renowned for is delivered through; a ground breaking state of the art fulfillment network; a business to business trade investment program — Provet PLUS, with over 1000 partners in practice; and innovative technological solutions such as e-Order and Petalia.

Provet was established in 1982 in Queensland by 5 veterinarians with the vision of expanding the veterinary industry by reclaiming proceeds generated by the profession back into the profession. Other veterinarians embraced this logic, of sharing in the wealth while stocking their practice, and invested $180,000 in a purpose built pharmaceutical warehouse, staffed by 3. In 1984 Provet invested in a warehouse in Newstead QLD, with further expansion beginning in 1986 after the purchase of a warehouse in Fortitude Valley. Construction of Provet North Queensland (in Townsville) began in 1985.

In 1985 Provet also invested in a warehouse in NSW, which was later purchased in 1988 to become Provet (NSW). In 1986 Provet acquired VMS Newcastle, managed by John Wotherspoon, which was later renamed as Provet VMS. A larger warehouse was built for this branch in 2001. 1996 was a pivotal year of change for Provet - it was the year that Provet went from being a unit trust to a share company. It was also the year that Provet IT was built and established, which brought Provet one step closer to becoming the ‘one stop shop’ for veterinarians.

1999 saw the beginning of Provet Riverina in Wagga Wagga, NSW. Construction of a larger warehouse in Banyo, QLD, also began this year resulting in the third relocation for Provet QLD. Later that year, Glenda Sinclair-Gordon was promoted to General Manager Queensland and Joe Best was appointed Group General Manager. 2002 was the year that began Provet New Zealand, with further expansion resulting from the purchase and integration of NVS New Zealand in 2005.

Further expansion of Provet, have subsequently resulted from the acquisitions of Provet Allhank Victoria in 2004, Westralian Holdings Limited (Provet WA) in 2007 and Monsoon (Provet NT) in 2008. The beginning of Provet South Australia in 2006 and Provet Tasmania in 2009 has ensured that Provet fulfills it’s responsibility of Australasia’s Leading Veterinary Distributor. 2006 and 2007 saw Provet invest into their portfolio of value-added services with the acquisitions of Crampton Consultant Group/Animal Industries Resource Centre (CCG/AIRC) in 2006 and the purchases of Veterinary Practice Management software programs: VisionVPM and VetCare in 2007.

On 15th March 2010, Provet was listed on the Australian Stock Exchange marking a significant milestone in the Provet Group’s history. Provet is now an organisation, with over 330 employees, that approaches $A270million in sales and now has the buying power to ensure that their partners are able to access the best value from their suppliers. With 13 warehouses strategically located across Australasia and an experienced export team servicing around 40 countries, Provet provides further reach across the veterinary market than ever envisioned by the original 5 veterinarians.