Axiscades Technologies Approves Transfer of Engineering Services Business

Axiscades Technologies Limited (ATL) announced that its Board of Directors has approved the transfer of its 'Engineering Services' business in the Aerospace industry to Akkodis Group AG and its subsidiary Akkodis India Private Limited. This transaction involves internal carve-outs and transfers to newly incorporated or acquired subsidiaries across India, Switzerland, France, Canada, the UK, US, and Germany. ATL will phase-wise divest its entire shareholding in these material transferee subsidiaries to Akkodis Group. The company also noted that AXISCADES Inc. is no longer a material subsidiary based on FY2025-26 audited financials.