Ahmedabad based Hester Biosciences has acquired Innoves Animal Health Private Limited for an undisclosed sum.
Hester has entered into a business transfer agreemnet (BTA) with Innoves, and through the BTA it has acquired the products, brands and the marketing network and employees of Delhi based Innoves. Major brands of Innoves include Curx, Protin-C, Beta4vet, Hifcr.
The acquisition of Innoves is in line with Hester's business plans to set up a large animal health division, Hester said in a release here. The statement added that Hester now has a ready platform to launch its large animal health business which will not only market Innoves products, but also the Hester range of large products and large animal vaccines.
Hester would be launching its own large animal health product range through the newly acquired Innoves marketing infrastructure. The current distribution network and infrstructure of Hester would be utilised to distribute the Innoves products, thereby sizeably reducing the distribution costs.