ASM Technologies has received approval to make investment of Rs 79.57 crore for acquisition of 51% stake in Asmaitha Wireless Technologies (Asmaitha wireless). The board of directors of the company at its meeting held on March 19, 2026 has, inter alia, approved the same.
The acquisition of Asmaitha wireless strengthens the company’s capabilities in engineering design-led manufacturing, particularly in embedded, firmware and wireless domains. The conditions under the term sheets are proposed to be completed, and the share purchase agreement is expected to be executed within 90 days. The overall investment and acquisition are proposed to be completed over the next five years.
ASM Technologies, established in 1992, is a publicly-listed company in India with global presence in USA, Singapore, UK, Canada, Mexico and Japan. The company has been providing world class consulting and product development services in the areas of Engineering Services and Product R&D with successful Offshore Development & Support Centers in India and Overseas for its global clientele.
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