Axiscades Technologies to Acquire 90% of Cloud Wave for ₹234 Cr

Axiscades Technologies Ltd announced its Board of Directors has approved the acquisition of 90% of Cloud Wave Technologies Private Limited for approximately INR 234 Crores in cash. Cloud Wave is a Bengaluru-based AS9100D-certified precision manufacturing company with a turnover of INR 107.78 Cr for FY 25-26. This strategic acquisition aims to transition Axiscades from an engineering-services-led model to an aerospace manufacturing focus, building owned manufacturing capabilities. The deal is expected to complement existing offerings in Aerospace, Defence, and Electronics/Semiconductor sectors, deepen client relationships, and establish a scalable manufacturing platform. The acquisition is anticipated to be earnings accretive in the medium term. The remaining 10% stake in Cloud Wave may be acquired later.