The corporate landscape in 2025 is already buzzing with activity, as companies across sectors make strategic moves to expand their portfolios, enter new markets, and strengthen their competitive positions. Two notable acquisitions—International Conveyors Limited’s investment in Agro Tech Foods Limited and Melstar Information Technologies Limited’s majority stake in Plexus Aviation Services Private Limited—highlight the growing trend of diversification and strategic growth. Let’s dive into the details of these deals and what they mean for the industries involved.
1. International Conveyors Limited Acquires Stake in Agro Tech Foods Limited
Acquirer: International Conveyors Limited
Target Company: Agro Tech Foods Limited
Completion Date: February 11, 2025
International Conveyors Limited has made a strategic investment in Agro Tech Foods Limited, a leading player in the edible oils and food products industry. This acquisition marks a significant step for International Conveyors as it diversifies its portfolio and taps into the growing food sector.
Key Highlights:
-
Turnover of Agro Tech Foods (FY 2023-24): ₹758.079 Crores.
-
Shareholding Acquired: 41,271 equity shares.
-
Cost of Acquisition: ₹3.0702 Crores.
-
Industry: Edible Oils and Food Products.
-
Business of Agro Tech Foods: The company manufactures, markets, and sells a wide range of products, including ready-to-cook snacks, ready-to-eat snacks, spreads & dips, breakfast cereals, and chocolate confectionery.
Financial Performance of Agro Tech Foods:
-
FY 2023-24: ₹758.079 Crores.
-
FY 2022-23: ₹847.97 Crores.
-
FY 2021-22: ₹951.473 Crores.
This acquisition aligns with International Conveyors’ objective of making strategic investments in high-growth sectors. Agro Tech Foods, with its strong brand presence and diverse product portfolio, offers a lucrative opportunity to capitalize on the increasing demand for packaged and branded food products in India. For International Conveyors, this move is not just an investment but a gateway to a sector with immense potential for growth and profitability.
2. Melstar Information Technologies Limited Takes Majority Stake in Plexus Aviation Services Private Limited
Acquirer: Melstar Information Technologies Limited
Target Company: Plexus Aviation Services Private Limited
Approval Date: February 11, 2025
In a bold move to diversify its business, Melstar Information Technologies Limited has acquired a 51% stake in Plexus Aviation Services Private Limited. This acquisition marks Melstar’s entry into the aviation sector, a strategic decision aimed at expanding its capabilities and strengthening its market position.
Key Highlights:
-
Stake Acquired: 51% (21,55,748 shares).
-
Turnover of Plexus Aviation: ₹13.64 Crores (FY 2024) and ₹15.37 Crores (FY 2023).
-
Cost of Acquisition: Up to ₹3 Crores.
-
Industry: Aviation.
-
Expected Completion Date: March 2025.
Business of Plexus Aviation Services:
Plexus Aviation Services obtained a Flight Clearing Agency (FCA) License from the Director General of Civil Aviation (DGCA) in July 2024. The company operates in the aviation fueling sector, which is one of the most profitable segments of the aviation industry.
Objectives of the Acquisition:
-
Immediate access to a ready platform for business.
-
Leveraging experienced staff and existing infrastructure.
-
Accelerating growth and expanding capabilities.
-
Strengthening market position in the aviation sector.
For Melstar, this acquisition represents a strategic shift from its core IT business to exploring new opportunities in the aviation industry. The aviation fueling sector, with its high growth potential and profitability, offers a promising avenue for revenue generation and market expansion. This move positions Melstar to establish a strong presence in a niche yet lucrative industry.
What Do These Acquisitions Mean for the Industries?
These two acquisitions highlight a growing trend among companies to diversify their portfolios and explore new growth opportunities.
-
International Conveyors’ investment in Agro Tech Foods reflects the increasing attractiveness of the food and edible oils sector, driven by rising consumer demand for packaged and branded food products. This deal not only diversifies International Conveyors’ revenue streams but also positions the company to benefit from the sector’s growth trajectory.
-
Melstar’s entry into the aviation sector through Plexus Aviation Services underscores the potential of niche industries like aviation fueling. By acquiring a majority stake, Melstar gains immediate access to a ready platform, experienced staff, and a profitable business model, setting the stage for accelerated growth and market expansion.
