Belding India Acquires 100% of Evolve IT Solutions

Belding India Limited has announced the acquisition of 100% equity stake in Evolve IT Solutions Private Limited. This strategic move aims to bolster Belding's capabilities in advanced manufacturing and security technology, particularly in areas like Battery Energy Storage Systems (BESS), Modular Data Centers, and Edge Computing Infrastructure. Evolve IT Solutions specializes in advanced X-ray inspection and security screening technologies, including baggage and cargo scanners, which are crucial for national infrastructure security. The acquisition is expected to enhance Belding's presence in the security screening sector and support India's 'Make in India' and 'Atmanirbhar Bharat' initiatives by promoting indigenous technology development and import substitution.