Advanced Enzyme Technologies’ wholly owned subsidiary, Advanced Enzymes Europe B.V. based in Amsterdam (Netherlands) has signed a Definitive Agreement on July 26, 2017 with Evoxx Technologies GmbH, a company based in Germany and all the shareholders of Evoxx to acquire 100% shareholding (i.e. 164,031 shares) in Evoxx for a total consideration of Euro 7.65 Million. The acquisition is expected to be completed by mid of August 2017.
On completion of the aforesaid acquisition, Evoxx will become direct subsidiary of Advanced Enzymes Europe B.V. and indirect subsidiary of Advance Enzyme Technologies.
Advanced Enzyme Technologies is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products.