Mars is buying Swedish animal hospital operator AniCura in the second deal the M&M's and Twix maker inked with a veterinary service company this month, according to Reuters.
The deal, which is valued between $1.18 billion and $2.36 billion, comes as Mars expands into the veterinary space, according to sources familiar with the matter. A week before it announced its deal with AniCura, Mars agreed to buy British veterinary services provider Linnaeus Group.
Pet care acquisitions have been ramping up, with General Mills making a deal with pet food maker Blue Buffalo in February and Nestle taking a stake in Tails.com in May.
Mars is currently the world's largest pet food maker, according to Reuters. Pet-related goods, which include brands like Pedigree and Whiskas, reflect about half of its annual sales.
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