Advanta acquires Unicom Seeds

Advanta India Ltd has informed that the Company has Acquired the business of Unicom Seeds Ltd ("Unicom") by acquiring 100% shares in the company for a consideration that includes deferred payment based on achievement of performance related milestones.

Unicom has a strong presence in the domestic and export markets of vegetable seeds. Unicom also undertakes the custom production of vegetable seeds for the customers all around the globe.

The Revenue size of the business of Unicom for the last FY was about Rs 25 Crores (Rupees Twenty five crores only). The business has the EBITDA earning capacity of about 30%.

With this acquisition, Company's platform in vegetable seeds will become stronger with added crops to its current vegetable product portfolio (Golden). With the added products like Melons and Cucumber from Unicom the combined vegetable portfolio (Golden and Unicom) will make Company a significant player in the Vegetable seed Market. Company hope to leverage the strong brand equity of Unicom, excellent breeding programs and outstanding production capabilities to strengthen the leadership position in this market segment.

Unicom Seeds is headquartered in Hyderabad. It has its R & D facilities in Bangalore and Hyderabad, and the production activities are concentrated in Karnataka. The marketing network of Unicom is strong and is spread across the country.

Their key crops are Tomato, Eggplant, Hot Pepper, Okra, Musk Melon, Cucumber and Water Melon. Unicom is significantly engaged in custom production for key Vegetable Seed Suppliers in Europe, Asia and USA.