12-Jun-2026 19:06:10
✈️ AXISCADES TRANSFORMS INTO AEROSPACE, DEFENCE, SPACE & AI MANUFACTURING PLAY 🚀
• 🤝 AXISCADES to divest its Aerospace Engineering Services business to Switzerland-based Akkodis • 📊 Akkodis will acquire 51% stake initially, with remaining 49% to be acquired over the next 24–30 months • 🏭 Company to sharpen focus on Aerospace Manufacturing, Defence Electronics, AI-Semiconductor (XiDA) and Space Systems • 🛰️ Transaction proceeds to fund a new Space Division focused on satellite bus manufacturing • 🎯 Funds will also be used for defence manufacturing expansion, aerospace capacity additions and strategic acquisitions • 📈 AXISCADES reiterates its Power 930 Plan target of ~₹9,000 Cr revenue and ~₹960 Cr PAT by FY30 • 🌍 Strategic partnership with Akkodis expected to enhance customer access and global aerospace opportunities 🟢 Impact: Positive (Major strategic transformation with capital infusion, stronger manufacturing focus and accelerated growth roadmap)
AXISCADES TECH LTD