AXISCADES Technologies Limited has approved the acquisition of a majority stake in Cloud Wave Technologies Private Limited for an enterprise valuation of approximately ₹260 crore. The Board of Directors sanctioned the deal on August 28, 2026, with the press release issued on August 30, 2026.

The transaction marks a strategic pivot for AXISCADES Engineering Technologies , aiming to transition from an engineering-services-led model toward owned aerospace manufacturing capability. The company plans to complete the acquisition by September 30, 2026.

Target Profile and Financials

Cloud Wave Technologies, incorporated in August 2014, operates seven manufacturing units and holds AS9100D certification. Its business spans precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing, and surface treatment. The client base includes entities in the Aerospace & Defence and Semiconductor sectors, serving both domestic and export markets.

Audited turnover data indicates significant revenue growth over the last three fiscal years:

Management expects Cloud Wave to generate ₹180 crore revenue at 22% EBITDA margin in FY27.

Strategic Rationale

The acquisition is a key inorganic step under AXISCADES' Power 930 growth plan, which targets continued expansion into aerospace manufacturing. The Board cited several strategic objectives:

• Integration of engineering-plus-manufacturing solutions for existing Aerospace, Defence, and OEM/Tier-1 customers.
• Establishment of a physical manufacturing platform intended to scale into a Centre of Aerospace Manufacturing.
• Alignment with publicly stated medium-term revenue growth objectives for the Aerospace vertical.

AXISCADES is also separately developing a new Centre for Advanced Manufacturing (CAM) — a 240,000 sq ft facility on a 20-acre campus at its Devanahalli Aerospace Park — designed to consolidate and scale manufacturing operations. The company stated the acquisition is expected to be earnings accretive over the medium term and should not adversely impact existing operations. No governmental or regulatory approvals are required for the transaction.

What the Numbers Show

Cloud Wave’s audited turnover grew from ₹36.98 crore in FY24 to ₹107.78 crore in FY26. This three-year trajectory demonstrates consistent expansion in the target’s top line, supporting AXISCADES’ rationale for acquiring established manufacturing capacity rather than building it organically from scratch. The projected FY27 revenue of ₹180 crore at 22% EBITDA suggests continued operational leverage post-acquisition.

Axiscades Technologies Limited will participate in an in-person analysts and institutional investors meeting on September 1, 2026. The company will engage with stakeholders at the Ashwamedh - Elara India Dialogue 2026 in Mumbai.

The interaction is organized by Elara Securities and will be conducted as a group meeting. Company representatives will address queries from investors during the session.

Meeting Details

The schedule is subject to change based on exigencies from either the investors or the company. No unpublished price-sensitive information will be shared during the conference.

This intimation is issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are also available on the company website.