[vc_row css=”.vc_custom_1522131095591{padding-bottom: 30px !important;}”][vc_column][vc_column_text]Advanced Enzyme Technologies Limited (Advanced Enzymes; NSE: ADVENZYMES; BSE: 540025), a leading speciality biotech company, with global leadership in the manufacturing of enzymes, today announced that its wholly owned subsidiary Advanced Enzymes Europe B.V. has entered into a binding agreement with Germany based Evoxx Technologies GmbH, to acquire a 100% stake for a consideration of € 7.65 million.

V.L. Rathi, Chairman, Advanced Enzymes, said, “Evoxx has a great strategic fit for us. With

Evoxx we significantly expand our R&D capabilities, and also strengthen our European presence.”

Evoxx Technologies GmbH is an industrial biotech company focused on the development & production of industrial enzymes, as well as a few specialized carbohydrates for nutritional applications. Evoxx was founded as evocatal GmbH in 2006, and has a team of 35+ scientists & technicians across two sites in Germany.

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[vc_row][vc_column][vc_column_text]Mr. C.L.Rathi, Managing Director of Advanced Enzymes, shared the dais with other dignitaries as one of the panel speakers. He delivered his insights on Food Processing Technology in the session titled as “Make In India – A platform for Investment opportunities in Food processing sector” at ASSOCHAM “8th Global Food Processing Summit & Awards” on February 9, 2016 at Hotel Imperial, New Delhi.

Advanced Enzymes being a Technology Partner played a visibly strategic role in this event of great significance.

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