Acquisitions27 Apr 2026, 11:10 am
Unimech Completes Hobel Bellows Co. Acquisition via Subsidiary
AI Summary
Unimech Aerospace and Manufacturing Ltd has completed the acquisition of Hobel Bellows Co. through Hobel Bellows Private Limited. Unimech acquired 24% shareholding, while its subsidiary, Innomech Aerospace Toolings Private Limited, acquired 76%, making Hobel Bellows Private Limited a step-down subsidiary of Unimech. The entire consideration has been fully paid and settled as per the definitive agreements.
Key Highlights
- Unimech completes acquisition of Hobel Bellows Co.
- Innomech Aerospace Toolings holds 76% stake in Target Company.
- Unimech holds 24% stake in Target Company.
- Hobel Bellows Private Limited becomes a step-down subsidiary of Unimech.