Investment19 Mar 2026, 04:31 pm
ASM Technologies to Invest Rs. 79.57 Crores in Asmaitha Wireless Technologies
AI Summary
ASM Technologies Limited has approved an investment of Rs. 79.57 Crores in Asmaitha Wireless Technologies Private Ltd. Asmaitha Wireless is a 16-year-old company focused on providing engineering and manufacturing services in the embedded and wireless domain. The acquisition is expected to strengthen ASM's capabilities in engineering design-led manufacturing, particularly in embedded, firmware and wireless domains. The overall investment and acquisition are proposed to be completed over the next five years.
Key Highlights
- ASM Technologies to invest Rs. 79.57 Crores in Asmaitha Wireless Technologies
- Asmaitha Wireless is a 16-year-old company focused on embedded and wireless domain
- The acquisition is expected to strengthen ASM's capabilities in engineering design-led manufacturing
- The overall investment and acquisition are proposed to be completed over the next five years
- Asmaitha has designed and developed customer premises and network infrastructure equipment, along with IoT modules leveraging BLE and Wi-Fi technologies, and has also developed medical wearable devices for the US market