Allied Blenders to acquire Singapore-based UTO Asia for EUR 1.23 million

Allied Blenders to acquire Singapore-based UTO Asia for EUR 1.23 million

Allied Blenders & Distillers Ltd. (ABDL), a prominent player in the beverages industry, has announced its intention to acquire Singapore-based UTO Asia Pte. Ltd. (UTO Asia) for EUR 1.23 million. The acquisition was announced on June 10, 2025, and is subject to regulatory approvals [1].

The acquisition is part of ABDL's strategic expansion into the Asian market, aiming to strengthen its presence in the region. UTO Asia is known for its innovative beverage solutions and is expected to bring valuable expertise and technology to ABDL. The acquisition will be funded through the company's cash reserves, with no additional debt being incurred.

The transaction has been well-received by the market, with ABDL's stock price reaching a 10-year high of 444.55 on the day of the announcement, representing a 3.42% increase [1].

ABDL's management has highlighted that the acquisition will not only enhance its product portfolio but also strengthen its competitive position in the Asian market. The company has also assured investors that the acquisition will be seamlessly integrated into its operations, with no significant impact on its financial performance.

The acquisition is subject to regulatory approvals and due diligence processes. ABDL has stated that it expects the transaction to be completed by the end of the year, pending regulatory clearances.

References:
[1] https://trendlyne.com/bse-corporate-announcements/?page=2&qstime=1749578593