AXISCADES Technologies to Acquire Cloud Wave Technologies, Accelerating Entry into Aerospace Manufacturing
Summary
AXISCADES Technologies approved the acquisition of a majority stake in Cloud Wave Technologies for an enterprise valuation of about INR 260 crores. The deal expands AXISCADES's aerospace manufacturing platform with immediate precision-manufacturing capacity. Cloud Wave brings AS9100D-certified capabilities across machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing, and surface treatment. AXISCADES also plans a new advanced manufacturing center in Devanahalli and expects further inorganic growth opportunities in aerospace manufacturing.
AskAI Classifications
Sectors
Transportation and Mobility
Public Sector and Non Profit
Aviation and Aerospace
Functions
Internet of Things (IoT) Platforms
General IoT
Linked Companies
AXISCADES
$100M to $250M