Zenex Animal Health (“Zenex”) acquires Ayurvet

Ahmedabad 19 December 2023 – Zenex announced a 100% acquisition of Ayurvet. Blending ancient knowledge and wisdom of Ayurveda with leading-edge technology, Ayurvet, a company founded by Pradip Burman, is a leading provider of natural and safe ayurvedic and herbal medicines, feed supplements and topical treatments for farm and companion animals.

With this calculated step, Zenex will be able to improve the quality of its worldwide animal health portfolio and expand its product line by introducing herbals. The acquisition of Ayurvet demonstrates Zenex's goal to offer complete and all-encompassing solutions in the animal health sector in order to satisfy the changing demands of its clients in India and elsewhere.

Ayurvet complements Zenex's current skills with a plethora of R&D and new product capabilities, a strong brand portfolio, complementary geographic access, and a fully built-out management and sales team. Ayurvet has established competence in ayurveda and herbal goods.

Commenting on the acquisition, Dr. Arun Atrey, MD and CEO of Zenex, said, "Zenex is proactively exploring avenues to integrate with complementary businesses and cement its position as a leader and holistic provider of comprehensive solutions to all segments within animal healthcare. The acquisition will augment Zenex’s growth, as it operates in a completely complementary space to the Company’s current operations. Further, it will strengthen Zenex’s geographical presence. Ayurvet’s presence in EU (Poland) would aid Zenex Animal Health’s export division to expand its base in the EU region as well. This strategic move aligns with Zenex's vision to offer an expansive array of high-quality, diverse solutions in the animal health space.”

Renuka Ramnath, Chairperson, Zenex and Founder, MD and CEO, Multiples Alternate Asset Management said, “This acquisition marks an important step to augment our product offering and cement our leadership in India animal healthcare.As part of Zenex’s long-term value creation journey, we will continue to seek interesting opportunities to bring companies with complementary capabilities into our fold, and scale them on the back of Zenex’s entrenched sales and distribution network.”