Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M’s) wholly owned subsidiary Mahindra Agri Solutions has acquired 60% stake in the Netherlands-based global fruit distribution company OFD Holding BV for about Rs 36 crore. The deal gives Mahindra an opportunity to tap new markets in Europe and China and strengthen its existing customer base.

OFD Holding owns Origin Fruit Direct, Origin Direct Asia and Origin Fruit Services South America, which are based out of the Netherlands, China and Chile, respectively. The acquisition takes the company closer to becoming a significant global player in grapes and is in line with Mahindra’s long term vision of Delivering FarmTech prosperity.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.