NEW DELHI, Dec 12: Drug firm Sequent Scientific today said its subsidiary Alivira Animal Health has acquired Turkey based firm Topkim.
“… The transaction has now achieved closure and Topkim will be integrated and consolidated with Alivira effective December 11, 2015,” Sequent Scientific said in a BSE filing.
Earlier in a regulatory filing to the bourses in November, Sequent Scientific had said that its subsidiary Alivira Animal Health was to acquire Turkey’s Topkim for 20.7 million Turkiskh Lira (over Rs 48 crore).
The acquisition will be made through Provet Veterinary Products, a subsidiary of Alivira, Sequent Scientific had said.
The transaction has been valued at an enterprise valuation of Turkish Lira 20.7 million, it had added.
Topkim has over 67 registered products that include ectoparasiticides, endectocides and injectable antibiotics.
It has wide distribution capabilities with presence in every sales point in Turkey. The company registered sales of Turkish Lira 21.8 million in FY 2014. (PTI)
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