Axiscades Technologies has received approval for the acquisition of 90% of the equity share capital of Cloud Wave Technologies (Cloud Wave), a Bengaluru-based Company which operates in the precision engineering and manufacturing industry, for cash consideration of approximately Rs 234 crore at an enterprise valuation of approximately Rs 260 crore (subject to the finalization of accounts and adjustments as set out under the definitive agreements).
The acquisition is a strategic step in the company's stated growth plan to transition from an engineering-services-led business model toward aerospace manufacturing, with the objective of building owned manufacturing capability and capacity to complement the Company's existing Aerospace, Defence and Electronics/Semiconductor offerings.
The company will acquire 90% of the shareholding in Cloud Wave by September 30, 2026, and the remaining 10% shareholding of Cloud Wave may be subsequently acquired by the Company (subject to the terms and conditions as set out under the definitive agreements). The Board of Directors of the company, in its meeting held on August 28, 2026, has approved the same.
Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.
