PwC Tax & Legal advises Ceva on Aquilón buy
PwC Tax & Legal España advised Ceva Animal Health, on the acquisition of Aquilón CyL, a Spanish biotechnology company and spin-off of the University of León.
Ceva Animal Health is the fifth-largest animal health company in the world, with more than 7,200 employees across 47 countries and revenues of approximately €1.92 billion in 2025. Founded in 2012 and headquartered in León, Spain, Aquilón specialises in research, diagnostics and the development of innovative biological solutions for swine diseases.
The company’s flagship product is Biobhyo, the first and only commercial European vaccine targeting Brachyspira hyodysenteriae, the bacterium responsible for swine dysentery — a significant enteric disease that causes substantial economic losses worldwide.
Advisory teams
PwC Tax & Legal’s legal M&A team was led by Ana Torres, Michele Spanò and Carla Vidal, while the tax M&A team comprised Christian Vegara and Álvaro Deu.
