Acquisition

AXISCADES Technologies Limited has successfully acquired a 90% stake in Cloud Wave Technologies Private Limited, along with its wholly-owned subsidiaries Protohubs System Solutions and Aureate Polymet, for a cash consideration of INR 234 Cr based on an enterprise valuation of INR 260 Cr.

This strategic move transitions the company from pure engineering services toward high-margin aerospace and defence manufacturing.

By building owned production capabilities, the firm can now offer integrated design-plus-manufacturing solutions to global OEMs, deepening client relationships and driving earnings accretion over the medium term.