ManufacturingEXPANDApproved
AXISCADES board approved majority-stake acquisition of Bengaluru’s Cloud Wave
Bengaluru, Karnataka30 Aug 2026
AXISCADES Technologies Ltd said its board has approved the acquisition of a majority stake in Bengaluru-based Cloud Wave Technologies Pvt Ltd at an enterprise valuation of about ₹260 crore. The company said the deal adds operational precision-manufacturing capabilities and marks its entry into aerospace manufacturing.
Why it matters
The acquisition is intended to add in-house aerospace precision-manufacturing capability (machining, fabrication, tooling and related processes) to AXISCADES’ existing aerospace and defence businesses.
AXISCADES Technologies LtdCloud Wave Technologies Pvt Ltd