Axis-IT&T’s subsidiary - Cades Digitech (CADES), a leading Indian Engineering Design Services and Technology provider has entered into a share subscription agreement and a shareholders agreement with STUDEC Technologies (India) and STUDEC. STUDEC Technologies (India) is a company incorporated under the Indian Companies Act, 1956 based in Bangalore while STUDEC is a company incorporated under the laws of France and the holding company of STUDEC Technologies (India).
Pursuant to the signing of the aforesaid agreements, CADES will hold 76% of the equity share capital of STUDEC Technologies (India) and STUDEC Technologies (India) will become a step down subsidiary of AXIS-IT&T.
Axis-IT&T, formerly known as Axis Inc, offers comprehensive engineering services in mechanical, manufacturing and embedded electronics engineering. The company's clients include several Fortune 50 companies in the aerospace, aviation, automotive, manufacturing, military, semiconductor and medical industries.
