Acquisitions16 Mar 2026, 08:12 pm
Axiscades Technologies to Acquire 24% Stake in Cades Studec Technologies India for USD 1.5 Million
AI Summary
Axiscades Technologies Ltd. has announced its intention to acquire a 24% stake in Cades Studec Technologies India Private Limited (CSTI) for a cash consideration of USD 1.5 Million. Upon completion of the acquisition, CSTI will become a wholly owned subsidiary of Axiscades Technologies. CSTI is a leading provider of end-to-end technical solutions in the aerospace, automotive, and renewable energy industries. The acquisition is expected to be completed by June 2026, subject to the fulfillment of certain conditions precedent and pre-closing actions.
Key Highlights
- Axiscades Technologies to acquire 24% stake in Cades Studec Technologies India for USD 1.5 Million.
- Cades Studec Technologies India is a leading provider of end-to-end technical solutions in the aerospace, automotive, and renewable energy industries.
- Upon completion of the acquisition, Cades Studec Technologies India will become a wholly owned subsidiary of Axiscades Technologies.
- The acquisition is expected to be completed by June 2026.
- The acquisition does not fall under related party transactions.