Investment19 Mar 2026, 04:42 pm
ASM Technologies to Invest Rs. 79.57 Crores in Asmaitha Wireless Technologies
AI Summary
ASM Technologies Limited has approved a proposed investment in Asmaitha Wireless Technologies Private Ltd. The target entity, Asmaitha Wireless, is a 16-year-old company focused on providing engineering and manufacturing services in the embedded and wireless domain. The company has built strong capabilities in engineering services and has also developed customer premises and network infrastructure equipment, IoT modules, and medical wearable devices for the US market. ASM Technologies will invest Rs. 79.57 Crores in Asmaitha Wireless, which is expected 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 with strong capabilities in engineering design-led manufacturing
- Asmaitha Wireless has a focus on embedded and wireless domains
- The investment is expected to be completed over the next five years
- Asmaitha Wireless has a history of developing customer premises and network infrastructure equipment, IoT modules, and medical wearable devices for the US market