AXISCADES Engineering Technologies will acquire Mistral Solutions, a Bengaluru-based specialized embedded technology company, for Rs 175 crore. The acquisition to be completed in a phased manner will add significantly to the company’s embedded practice and Make-in-India opportunities. This acquisition enhances AXISCADES offerings to OEMs, Defence customers and expands its client base.
Mistral specializes in end to end embedded solutions & product engineering catering to Aerospace, Defence, Industrial, Consumer, Wearable, Medical and Semiconductor verticals.
AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development. Axis IT&T EDS unit offers such services as product design, design support and design validation.
