AXISCADES Technologies Ltd has announced a major acquisition

AXISCADES Technologies Ltd has announced a major acquisition of Bengaluru-based Cloud Wave Technologies for ₹260 crore, accelerating its entry into aerospace manufacturing. The company also reported record Q1 FY27 revenue of ₹346.7 crore, up 42.2% year-on-year, driven by defence and electronics growth. 🚀 Key Developments in AXISCADES Technologies 1. Strategic Acquisition – Cloud Wave Technologies Deal Value: ₹260 crore (majority stake acquisition). Target Company: Cloud Wave Technologies Pvt. Ltd., Bengaluru-based precision engineering firm. Capabilities Added: Aerospace & Defence precision machining Sheet metal fabrication, tooling, injection moulding, 3D printing AS9100D-certified operations across 7 manufacturing units Expected FY27 Revenue (Cloud Wave): ₹180 crore with 22% EBITDA margin. Purpose: Strengthen AXISCADES’ Aerospace Manufacturing platform and expand capacity at Devanahalli Aerospace Park (240,000 sq ft facility). Strategic Impact: Positions AXISCADES as a key player in India’s aerospace supply chain, serving HAL, DRDO, ADA, and global OEMs. 2. Financial Highlights – Q1 FY27 Metric Q1 FY27 YoY Change Notes Revenue (Total) ₹346.7 crore +42.2% Includes discontinued operations Revenue (Continuing) ₹183.4 crore +100% (like-for-like) Excluding Add Solutions EBITDA (Reported) ₹27.9 crore ↓ from ₹34.1 crore Margin 8.1% Normalized EBITDA ₹41.0 crore +20.5% Margin 12.4% Loss After Tax ₹14.8 crore — Includes one-time provisions Defence Revenue ₹125 crore Doubled YoY Major growth driver Divestments: Engineering Services and Aerospace Services sold to Akkodis Group for a total consideration of ₹2,256 crore (USD 237 million). These transactions are progressing through closing conditions. 3. Upcoming Corporate Events Investor Day & Plant Visit: Scheduled for September 11, 2026. 36th Annual General Meeting (AGM): Notice issued for FY25–26.