AXISCADES to buy 90% of Cloud Wave for ₹234 crore in aerospace manufacturing push
Author: CNBC-TV18 Markets·
Key Takeaways
- •AXISCADES will buy 90% of Cloud Wave for ₹234 crore.
- •The acquisition will expand AXISCADES’ manufacturing footprint to seven units.
- •The company is aiming to develop an integrated aerospace and defence manufacturing business.
- •The deal supports AXISCADES’ effort to move beyond engineering services into production capabilities.
AXISCADES will acquire 90% of Cloud Wave for ₹234 crore, in a move that expands its manufacturing footprint and supports its push into aerospace and defence production.
The acquisition will give AXISCADES seven manufacturing units, as the company looks to move beyond engineering services and build an integrated aerospace and defence manufacturing business. For a company seeking a larger role in a sector where manufacturing capabilities and operational scale matter alongside design and engineering, the deal adds physical capacity to that strategy.
The report was published by CNBC-TV18 Markets.
Primary source: CNBC-TV18 Markets
