Ahmedabad-based Hester Biosciences has acquired large animal health business of Delhi-based Innoves Animal Health Pvt Ltd for an undisclosed sum..Hester has entered into a business transfer agreement (BTA) with Innoves and has acquired the products, the brands and the marketing network of Innoves. All the employees of Innoves including the key management team has joined Hester. .HSA Advocates advised Hester with a team led by Partner Aparajit Bhattacharya along with Partner Designate Harvinder Singh, Senior Associate Sumedha Dutta and Associate Devika Chadha..Innoves were represented by their in-house legal team..According to the Hester’s press release, this acquisition of the Innoves business is in line with Hester’s business plans to set up a Large Animal Health Division. Hester would be launching its own large animal health product range through the newly acquired Innoves marketing infrastructure..The expected turnover from the Large Animal Health division of Hester, for the Indian market, in the first 12 months would be Rs. 100 million and is expected to grow at over 20% on a year to year basis.
Ahmedabad-based Hester Biosciences has acquired large animal health business of Delhi-based Innoves Animal Health Pvt Ltd for an undisclosed sum..Hester has entered into a business transfer agreement (BTA) with Innoves and has acquired the products, the brands and the marketing network of Innoves. All the employees of Innoves including the key management team has joined Hester. .HSA Advocates advised Hester with a team led by Partner Aparajit Bhattacharya along with Partner Designate Harvinder Singh, Senior Associate Sumedha Dutta and Associate Devika Chadha..Innoves were represented by their in-house legal team..According to the Hester’s press release, this acquisition of the Innoves business is in line with Hester’s business plans to set up a Large Animal Health Division. Hester would be launching its own large animal health product range through the newly acquired Innoves marketing infrastructure..The expected turnover from the Large Animal Health division of Hester, for the Indian market, in the first 12 months would be Rs. 100 million and is expected to grow at over 20% on a year to year basis.
