Acquisitions25 Jun 2025, 12:15 pm
Uravi Defence and Technology Subsidiary to Acquire Spafax International Holdings Limited for £3,418,000
AI Summary
Uravi Defence and Technology Limited announces that Bharat Technology Limited, its wholly owned subsidiary, has entered into a Share Purchase Agreement to acquire 100% of Spafax International Holdings Limited. Spafax specializes in designing and manufacturing a range of products, including unbreakable vehicle mirrors, mirror arms, advanced lighting systems, audio warning technologies, specialty lenses, and IP69K-rated wireless explosion-proof camera systems. The acquisition will enable Uravi to expand its footprint in the UK and EU defense markets, leverage Spafax's patented mirror technology, and integrate advanced camera systems and safety features.
Key Highlights
- Uravi Defence and Technology Limited's subsidiary, Bharat Technology Limited, to acquire 100% of Spafax International Holdings Limited
- Spafax specializes in designing and manufacturing a range of products, including unbreakable vehicle mirrors and advanced lighting systems
- The acquisition aims to expand Uravi's footprint in the UK and EU defense markets
- Uravi plans to leverage Spafax's patented mirror technology for both military and commercial applications
- Consideration for the acquisition is approximately £3,418,000