SAR announces 100 per cent acquisition of Fusionnet and Parametrique

SAR Televenture Limited (SAR) has announced 100 per cent acquisition of Fusionnet Web Services Private Limited (Fusionnet) and Parametrique Electronic Solutions Private Limited (Parametrique).

This is a 100 per cent share swap deal where SAR will acquire 100 per cent stake in Fusionnet, which in turn holds 100 per cent stake in Parametrique. Therefore, Fusionnet would become wholly owned subsidiary of SAR, and Parametrique wholly owned step-down subsidiary of SAR.

As per the agreement, SAR will issue 99,65,000 equity shares on preferential basis to the shareholders of Fusionnet as part of the consideration in the share-swap deal, subject to regulatory and shareholder’s approval. SAR will have forward integration post-acquisition. The company expects to create significant value by leveraging combined capabilities and unlocking synergies. After the acquisition, SAR will become one of the few companies with both infrastructure provider of category-I (IP-1) license and internet service provider (ISP) license.

Further, the acquisition of Fusionnet with its existing and potential business is expected to lead to a larger market share, enhancing competitive positioning and reducing competition for the company on a consolidated basis. The acquisition is expected to provide immediate access to its existing customer base, market share, and brand recognition, accelerating market entry and presence without the need for extensive marketing efforts. Furthermore, the existing revenue stream and customer contracts of these companies shall provide immediate additional cash flows for SAR on consolidated basis.

Commenting on the acquisition, Rahul Sahdev, managing director (MD), SAR, said “We are thrilled to announce the acquisition of Fusionnet, a strategic move that aligns with our vision to innovate and expand our capabilities. This acquisition not only enhances our portfolio but also reinforces our commitment to delivering exceptional value to our customers. We look forward to integrating our teams and leveraging the combined strengths to drive future growth and success.”